China Rebar Stocks up 10.4% on Week

SHANGHAI, Jan 12 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 6.27 million mt as of Thursday January 12, up 591,400 mt or 10.4% from a week ago, and up 12.1% from the same period last year.

The inventory across social warehouses was 4.44 million mt, up 523,500 mt or 13.36% on the week, and a gain of 15% on the year.

The in-plant inventory stood at 1.82 million mt, up 68,000 mt or 3.9% on the week, and up 5.6% on the year.