China Rebar Stocks Down 0.6% on Week

SHANGHAI, Jun 23 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 11.38 million mt as of Thursday June 23, down 64,100 mt or 0.6% on the week, and up 3.4% from the same period last year.

The inventory across social warehouses was 7.51 million mt, a decrease of 279,600 mt or 3.59% on the week, and an increase of 0.8% on the year.

The in-plant inventory stood at 3.87 million mt, up 215,600 mt and 5.9% on the week, and up 8.7% on the year.