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Declines in China steel rebar inventories slowed significantly on week
May 29,2020 10:59CST
data analysis
Source:SMM
However, SMM does not think the slower inventory drops point to declines in overall end-users demand. Continuous downstream purchases and pullback in rebar supply after production peaked will likely see the decline in overall rebar inventories gaining pace again next week, if rebar futures rally and lift market sentiment. 
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Inventory data
Rebar

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