Rebar inventory build-up accelerated amid large demand erosion

Jan 02, 2024, at 11:11 am
SMM

Construction steel stocks kept piling up last week, with rebar stocks increasing by 5.55% WoW.

Construction steel stocks kept piling up last week, with rebar stocks increasing by 5.55% WoW. There will be restart of some BFs from maintenance this week. Demand may keep diminishing. To sum up, this week may witness a heavy build-up of inventory.

Industry
Steel

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With start-up of new BFs and less maintenance, the daily average pig iron output in January may increase by 28,700 mt MoM
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SMM • 2 years ago
China bonded copper stocks declined, but may grow after holiday due to arrivals of imported copper

Rebar inventory build-up accelerated amid large demand erosion

With start-up of new BFs and less maintenance, the daily average pig iron output in January may increase by 28,700 mt MoM

China bonded copper stocks declined, but may grow after holiday due to arrivals of imported copper