China Rebar Stocks up 2.4% on Week

SHANGHAI, Sep 15 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.85 million mt as of Thursday September 15, up 159,900 mt or 2.4% on the week, and down 33.3% from the same period last year.

The inventory across social warehouses was 4.5 million mt, an increase of 125,700 mt or 2.87% on the week, and a drop of 37.6% on the year.

The in-plant inventory stood at 2.35 million mt, up 34,300 mt or 1.5% on the week, and down 23.2% on the year.