SHANGHAI, Jul 8 (SMM) — Inventories of rebar across Chinese steelmakers and social warehouses stood at 11.49 million mt as of July 8, up 1.7% from a week ago. Stocks are up 7.7% from a year earlier.
Inventories at Chinese steelmakers fell 104,400 mt on the week and stood at 3.49 million mt. Stocks are down 2.9% from a week ago and up 4.4% from a year earlier.
Inventories at social warehouses rose 291,400 mt on the week and stood at 8 million mt, up 3.8% from a week ago and 9.2% higher from a year ago.
