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This week's total inventory of rebar and wire rod increased both week-over-week and year-over-year.
March 5, this week’s rebar total inventory was 8.0177 million tons, up 0.8160 million tons from last week, a week-over-week increase of 11.33%, and a year-over-year increase in the lunar calendar of 4.60%. This week’s wire rod total inventory was 2.0537 million tons, up 0.1598 million tons from last week, a week-over-week increase of 8.44%, and a year-over-year increase in the lunar calendar of 2.82%. (Shanghai Metals Market)