China’s rebar social inventory rebounded after 13 weeks of decline

  • Friday, June 22, 2018
  • Source:ferro-alloys.com

  • Keywords:rebar social inventory
[Fellow]China’s social rebar inventory rebounded over the week ended Thursday June 21. Social inventories stood at 4.77 million mt as of June 21, up 0.46% from a week ago and 16.42% from a year ago. The week-on-week rise is the first increase after 13 consecutive wee...

China’s social rebar inventory rebounded over the week ended Thursday June 21. Social inventories stood at 4.77 million mt as of June 21, up 0.46% from a week ago and 16.42% from a year ago. The week-on-week rise is the first increase after 13 consecutive weeks of decline. 

Inventories across steel mills stood at 2.03 million mt as of June 21, up 3.79% from a week ago but down 13.71% from a year ago.

This brought overall inventories including social and in-plant inventories, up to 6.8 million mt as of Thursday, up 1.43% week on week and 5.44% year on year.

  • [Editor:Wang Linyan]

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