Growth Rate of Rebar Inventory may Continue to Slow Down This Week

SHANGHAI, Feb 20 S(MM) - Total rebar inventory rose 3.4% on the week, with social inventory rising 3.1%, and in-plant inventory climbing 4.2%. The increase in total  inventory, in-plant inventory and social inventory slowed obviously. Rising steel prices promoted the procurement of traders in some regions, and the goods were transferred to the social warehouses. As such, the overall growth rate of in-plant inventory has slowed down. Looking at the follow-up stage, the increasing demand from downstream construction projects and the demand release in stages is expected to drive the accelerated destocking of inventory. The short-term rebar inventory will continue to increase, but the growth rate will continue to slow down.