China Rebar Stocks down 8.5% on Week

SHANGHAI, Sep 29 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.18 million mt as of Thursday September 29, down 573,200 mt or 8.5% on the week, and down 28.9% from the same period last year.

The inventory across social warehouses was 4.12 million mt, down 279,000 mt or 6.34% on the week, and a drop of 34.3% on the year.

The in-plant inventory stood at 2.06 million mt, down 294,200 mt or 12.5% on the week, and down 14.8% on the year.