China Rebar Stocks down 4.7% on Week

SHANGHAI, Nov 10 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 5.3 million mt as of Thursday November 10, down 258,800 mt or 4.7% from a week ago, and down 32.9% from the same period last year.

The inventory across social warehouses was 3.42 million mt, down 161,300 mt or 4.51% on the week, and a drop of 32.6% on the year.

The in-plant inventory stood at 1.89 million mt, down 97,500 mt or 4.9% on the week, and down 33.4% on the year.