China Rebar Stocks up 1.7% from before Holiday

SHANGHAI, Oct 13 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.29 million mt as of Thursday October 13, up 103,700 mt or 1.7% from before the National Day holiday (September 29), and down 28.2% from the same period last year.

The inventory across social warehouses was 4.15 million mt, up 25,100 mt or 0.61% on the week, and a drop of 34.6% on the year.

The in-plant inventory stood at 2.14 million mt, up 78,500 mt or 3.8% on the week, and down 11.2% on the year.