China Rebar Inventory Down 5.9% on Week

SHANGHAI, Nov 25 (SMM) – The inventory of rebar across Chinese steel makers and social warehouses stood at 6.84 million mt as of November 25, down 426,800 mt or 5.9% from a week ago. Stocks are up 344,000 mt or 5.3% from a year earlier.

The inventory at Chinese steel makers decreased 143,100 mt or 5.1% from a week earlier and stood at 2.66 million mt. And stocks are 271,500 mt or 11.4% higher than the same period last year.

The inventory at social warehouses declined 283,700 mt or 6.35% on the week and stood at 4.18 million mt, but up 72,500 mt or 1.8% from a year ago.