China Rebar Stocks Down 1.7% on Week

SHANGHAI, Apr 28 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 11.8 million mt as of Thursday April 28, down 209,300 mt or 1.7% on the week, and down 2.7% from the same period last year.

The inventory across social warehouses was 8.3 million mt, a decrease of 261,900 mt or 3.14% on the week, and a drop of 3.4% on the year.

The in-plant inventory stood at 3.50 million mt, up 59,800 mt or 3.06% on the week, and down 0.9% on the year.