Rebar Futures Fell amid Increasing Inventory

SHNAGHAI, Feb 24 (SMM) - Rebar futures fell yesterday, with a decrease of 0.40% throughout the day.

In terms of inventory, according to SMM statistics, the total rebar inventory was 11.9813 million mt, a decrease of 128,400 mt or 1.1%  from last week, and a year-on-year decrease of 593,300 mt or -4.7%. Among them, steel bars inventory decreased 12.84% compared and steel wire rod inventory increased 1.91% compared to last week.