China Rebar Stocks Grow Faster, While Hot-Rolled Steel Stocks Turn to Decline, SMM Says

Published: Jul 27, 2017 14:37

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Over this past week, rebar stocks across China rose at a faster pace, while hot-rolled steel plate stocks began falling, SMM statistics showed.

SHANGHAI, Jul. 27 (SMM) – Over this past week, rebar stocks across China rose at a faster pace, while hot-rolled steel plate stocks began falling, SMM statistics showed.

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As of July 27, rebar stocks totaled 4.31 million tonnes, up 4.3% week-on-week, versus 2.25 million tonnes of hot-rolled steel plate stocks, down 0.8% week-on-week, and 1.14 million tonnes of steel wire rod stocks, up 1.0% week-on-week.

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