SMM Hangzhou rebar weekly inventory: prices decline, inventory accumulation intensifies

As of January 10th, the social inventory of rebar in Hangzhou was 550,000 tons, an increase of 36,000 tons or 7% compared to the previous period, showing a significant accumulation compared to the same period last year. Throughout the week, resources arrived steadily in various locations, leading to a rapid decline in prices and a noticeable decrease in market transaction enthusiasm, with inventory continuing to accumulate.