China Rebar Stocks Down 7.2% on Week

SHANGHAI, Jul 21 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 9.07 million mt as of Thursday July 21, down 699,500 mt or 7.2% on the week, and down 20.2% from the same period last year.

The inventory across social warehouses was 6.12 million mt, a decrease of 395,900 mt or 6.08% on the week, and a drop of 24.7% on the year.

The in-plant inventory stood at 2.95 million mt, down 303,600 mt and 9.3% on the week, and down 8.9% on the year.