China Rebar Stocks Down 3.9% on Week

SHANGHAI, Sep 16 (SMM) – Inventories of rebar across Chinese steel makers and social warehouses stood at 10.28 million mt as of September 16, down 418,100 mt or 3.90% from a week earlier. Stocks are down 1.06 million mt or 9.3% from a year earlier.

Inventories at Chinese steel makers decreased 182,400 mt or 5.6% from a week earlier to 3.06 million mt. Stocks are 299,500 mt or 8.9% lower than the same period last year.

Inventories at social warehouses declined 235,700 mt or 3.16% on the week and stood at 7.22 million mt, down 760,700 mt or 9.5% from a year ago.