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As of March 26, survey statistics on rebar production and inventory
According to Mysteel, as of the week of March 26, rebar production shifted from an increase to a decrease, factory inventories and social inventories have declined for two consecutive weeks, while apparent demand has increased for five consecutive weeks. Rebar production was 1.9787 million tons, a decrease of 54,600 tons compared to last week, a drop of 2.69%; rebar factory inventories were 2.1916 million tons, a decrease of 170,400 tons compared to last week, a drop of 7.21%; rebar social inventories were 6.4275 million tons, a decrease of 104,600 tons compared to last week, a drop of 1.60%; rebar apparent demand was 2.2537 million tons, an increase of 172,800 tons compared to last week, an increase of 8.30%.