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China Rebar, Wire Rod Inventories Grow This Week, SMM Data
Sep 7,2017 15:42
CSTsmm insight
Source:SMM
Domestic rebar and wire rod inventories were up this week, while hot-rolled plate/coil inventories fell, SMM data showed.
SHANGHAI, Sept 7 (SMM) - Domestic rebar and wire rod inventories were up this week, while hot-rolled plate/coil inventories fell, SMM data showed.
Domestic rebar inventories increased 125,000 tonnes or 2.7% on a weekly basis to 4.75 million tonnes as of Thursday. Wire rod inventories increased 37,500 tonnes or 3.3% to 1.16 million tonnes.
Hot-rolled plate/coil inventories fell 8,200 tonnes or 0.4% to 2.19 million tonnes.
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