Rebar Future Prices Rebound after Falling

SHANGHAI, Mar 10 (SMM) - The rebar futures prices fell in the early trading period yesterday but then rebounded stimulated by the unexpected favourable data in the afternoon.

This week, the destocking speed of in-plant inventory and social inventory has accelerated. Among them, the rebar inventory has decreased 4.6% from last week, and the HRC inventory has decreased 1.7% from last week. Overall market was good yesterday and the transactions were active amid strong demand from infrastructure projects.