Construction steel inventory build-up slowed down amid slow production

Telah Terbit: Jan 22, 2024 11:13
Sumber: SMM
Total domestic construction steel stocks kept hiking, but at a slower pace. Rebar stocks increased by 2.71% WoW.

Total domestic construction steel stocks kept hiking, but at a slower pace. Rebar stocks increased by 2.71% WoW. Looking forward, participants will be conservative towards market outlook for 2024. Downstream buyers will show soft willingness of stockpiling ahead of the Lunar New Year. It is expected that construction steel inventory will still build up this week.

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Construction steel inventory build-up slowed down amid slow production - Shanghai Metals Market (SMM)