China Rebar Stocks up 5.7% on Week

Published: Jan 5, 2023 15:04

Save

The total inventory of rebar across social warehouses and steel makers in China stood at 5.67 million mt as of Thursday January 5, up 307,000 mt or 5.7% from a week ago, and up 9.6% from the same period last year.

SHANGHAI, Jan 5 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 5.67 million mt as of Thursday January 5, up 307,000 mt or 5.7% from a week ago, and up 9.6% from the same period last year.

The inventory across social warehouses was 3.92 million mt, up 415,100 mt or 11.85% on the week, and a gain of 13.1% on the year.

The in-plant inventory stood at 1.76 million mt, down 108,100 mt or 5.8% on the week, and up 2.5% on the year.

Inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Analysis] Grain-Oriented Silicon Steel Prices to Remain Stable Next Week, with Continued Divergence Between High-End and Low-End Prices

[Grain-Oriented Silicon Steel Prices to Remain Stable Next Week, With Continued Divergence Between High-End and Low-End Prices] This week, the cold-rolled grain-oriented silicon steel market remained stable overall, with mediocre transaction performance and a continued divergence between high-grade and low-grade products. Market feedback indicated that ferrous metals futures continued to weaken this week, weighing somewhat on market sentiment, but spot grain-oriented silicon steel prices as a whole remained firm and stable. In April, ordering costs at top-tier enterprises remained steady and were not raised, while traders maintained a relatively rational ordering stance, with no obvious wait-and-see or cautious sentiment.

2 hours ago

3 hours ago

【SMM Steel】Iran's Mobarakeh, Sefid Dasht steel plants hit by strikes on Mar 31, suffer heavy damage

【SMM Steel】Mobarakeh Steel Co. said its facility sustained "another heavy attack" on Mar 31, the second since Feb 28. Affiliate Sefid Dasht Steel was also damaged. No precise production status was given. Sefid Dasht has 800,000 t/y capacity and supplies sponge iron to Mobarakeh. Before the attack, Iran expected the plants to resume operations soon.

3 hours ago

[SMM Construction Steel Weekly Balance] Demand Growth Was Limited This Week, Total Inventory Continued to Decline Slowly

Demand Growth Was Limited This Week, Total Inventory Continued to Decline Slowly

3 hours ago