China steel rebar inventory up 3.8% on week Jun 17,2021 14:29CSTData AnalysisSource:SMM

China steel rebar inventory up 3.8% on week Jun 17,2021 14:29CSTData AnalysisSource:SMM

Inventories of rebar across Chinese steelmakers and social warehouses stood at 10.66 million mt as of June 17, up 3.8% from a week ago. Stocks are up 8.7% from a year earlier.

SHANGHAI, Jun 17 (SMM) — Inventories of rebar across Chinese steelmakers and social warehouses stood at 10.66 million mt as of June 17, up 3.8% from a week ago. Stocks are up 8.7% from a year earlier.

Inventories at Chinese steelmakers rose 171,500 mt on the week and stood at 3.33 million mt. Stocks are up 5.4% from a week ago and up 12.3% from a year earlier.

Inventories at social warehouses rose 215,700 mt on the week and stood at 7.33 million mt, up 3% from a week ago and 7.2% higher from a year ago.

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