As of March 19, the survey statistics on rebar production and inventory

According to Mysteel, as of the week ending March 19, rebar production has increased for three consecutive weeks, factory and social inventories shifted from increasing to decreasing, and apparent demand has increased for four consecutive weeks. Rebar production was 2.0333 million tons, up 80.3k tons from the previous week, an increase of 4.11%; rebar factory inventory was 80.3k tons, down 34.2k tons from the previous week, a decrease of 1.43%; social inventory of rebar was 6.5321 million tons, down 13.4k tons from the previous week, a decrease of 0.20%; apparent rebar demand was 2.0809 million tons, up 312.8k tons from the previous week, an increase of 17.69%.