China Rebar Stocks down5% on Week

Published: May 18, 2023 17:22

Source: SMM

Save

The total inventory of rebar across social warehouses and steel makers in China stood at 8.31 million mt as of Thursday May 18, down 434,200 mt or 5% from a week ago, and down 27.9% from the same period last year.

SHANGHAI, May 18 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 8.31 million mt as of Thursday May 18, down 434,200 mt or 5% from a week ago, and down 27.9% from the same period last year.

The inventory across social warehouses was 5.85 million mt, down 295,500 mt or 4.81% on the week, and a drop of 24.4% on the year.

The in-plant inventory stood at 2.47 million mt, down 138,800 mt or 5.3% on the week, and down 35% on the year.

Inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

[SMM Coking Coal and Coke Daily Brief] 20260430

[SMM Coking Coal and Coke Daily Brief] In terms of supply, coke producers maintained stable production, with solid cost support for coke. Additionally, coke producers saw relatively smooth shipments, and their own coke inventory showed a declining trend. Demand side, steel mills had certain rigid restocking demand for coke, but hot metal production pulled back slightly. Moreover, the steel market performed weakly, steel mill profitability was mediocre, and buyers became more cautious in coke procurement, with cases of controlling deliveries. In summary, coke fundamentals remained in a tight balance, and cost support for coke persisted. Coke market is expected to hold up well and remain generally stable with slight rise after the holiday.

28 mins ago

43 mins ago

Expanding Cost Advantage and Improving Steel Mill Demand Drive Continued Strength in Stainless Steel Scrap Market [SMM Stainless Steel Scrap Market Weekly Review]

43 mins ago

44 mins ago

[SMM Analysis] Manganese Compound Market - Bidding Farewell to the Era of Broad-Based Gains, Structural Game Dominates Future Market Direction

China's manganese market has completely moved away from the pattern of rising and falling in unison, with severe divergence across product categories: EMM and Mn3O4 pulled back on weakness, battery-grade manganese sulphate remained resilient and firm with tight spot supply, EMD traded sideways steadily, LMO struggled to catch up passively, and the industry has officially entered a structural market with clear differentiation between strong and weak segments, with distinct investment and stockpiling opportunities hidden beneath the divergence.

44 mins ago