China Rebar Stocks down 6.8% on Week

SHANGHAI, May 11 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 8.75 million mt as of Thursday May 11, down 640,500 mt or 6.8% from a week ago, and down 25.2% from the same period last year.

The inventory across social warehouses was 6.14 million mt, down 369,200 mt or 5.67% on the week, and a drop of 22.9% on the year.

The in-plant inventory stood at 2.61 million mt, up 271,300 mt or 9.4% on the week, and down 30.1% on the year.