China Rebar Stocks Down 0.4% on Week

SHANGHAI, Mar 31 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 12.04 million mt as of March 31, down 43,400 mt or 0.4% on the week, and down 3.55 million mt or 22.8% from the same period last year.

The in-plant inventory stood at 3.05 million mt, down 62,200 mt or 2.0% on the week, and down 1.61 million mt or 34.5% on the year.

The inventory across social warehouses was 8.99 million mt, an increase of 18,800 mt or 0.21% on the week, and a drop of 1.94 million mt or 17.8% on the year.