China Rebar Stocks up 14.4% on Week

SHANGHAI, Jan 19 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 7.17 million mt as of Thursday January 19, up 903,800 mt or 14.4% from a week ago, and up 7.1% from the same period last year.

The inventory across social warehouses was 5.11 million mt, up 664,500 mt or 14.96% on the week, and a gain of 6.4% on the year.

The in-plant inventory stood at 2.06 million mt, up 239,400 mt or 13.1% on the week, and up 9.1% on the year.