China Rebar Stocks down 4.1% on Week

SHANGHAI, Nov 17 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 5.09 million mt as of Thursday November 17, down 216,700 mt or 4.1% from a week ago, and down 33.4% from the same period last year.

The inventory across social warehouses was 3.27 million mt, down 148,600 mt or 4.35% on the week, and a drop of 31.3% on the year.

The in-plant inventory stood at 1.82 million mt, down 68,100 mt or 3.6% on the week, and down 37% on the year.