China Rebar Stocks Down 4.6% on Week

SHANGHAI, Aug 18 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.91 million mt as of Thursday August 18, down 333,900 mt or 4.6% on the week, and down 36.2% from the same period last year.

The inventory across social warehouses was 4.79 million mt, a decrease of 288,000 mt or 5.67% on the week, and a drop of 39% on the year.

The in-plant inventory stood at 2.12 million mt, down 45,900 mt and 2.1% on the week, and down 39.6% on the year.