China Rebar Stocks down 1.4% on Week

SHANGHAI, Sep 22 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.76 million mt as of Thursday September 22, down 98,000 mt or 1.4% on the week, and down 30.8% from the same period last year.

The inventory across social warehouses was 4.4 million mt, down 104,100 mt or 2.31% on the week, and a drop of 36.9% on the year.

The in-plant inventory stood at 2.36 million mt, up 6,100 mt or 0.3% on the week, and down 15.4% on the year.