SMM Report: Rebar Inventory Buildup Below Expectations for Chinese New Year Amid Weak Demand

[SMM Construction Material Inventory: Chinese New Year Inventory Buildup Below Expectations, Market Sentiment Cautious Amid Weak Demand]

This week, total rebar inventory reached 6.6117 million mt, up 2.1327 million mt WoW, an increase of 47.62% (previous value: +13.22%). On a YoY basis, it decreased by 3.2043 million mt, a drop of 32.64% (previous value: -45.82%).