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Mysteel weekly survey of construction steel inventory: December 16- December 21 2016
Dec 26, 2016  14:28:33
Abstraction: As this year ends, cash is tight. Some banks just offer saving services instead of loan services and some project don't allow mat endowment. All these, coupled with weak downward demand and more anemic transaction dragged down rebar price. The weekly rebar and wire rod capacity utilization rate is expected to decline, triggered by bearish market, environmental protection efforts and shutdown of medium frequency furnaces.
Core conclusions 1) The capacity utilization rate of the 139 construction steel mills diverged in terms of rebar and wire rod: that of rebar declined slightly and wire rod increased slightly. In detail, the registered weekly rebar capacity was 4.5617 million tonnes, and the actual rebar production was 2.8639 million tonnes,...

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