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Mysteel weekly survey of construction steel inventory: December 21- December 30 2016
Jan 03, 2017  18:47:48
Abstraction: At the end of Chinese year, money became tighter, demand from downward industry became weaker and transaction was more anemic. And coupled with decline on coking coal price and declining production costs, the average price of rebar declined by 4.2%. The weekly capacity utilization rate of rebar and wire rod declined continuously amid shrinking shipments, increase on stockpile held by steel mills and environment protection inspection.
Core conclusions 1) This week, the capacity utilization rate of the 139 construction steel mills we surveyed declined in terms of rebar and wire rods. In detail, the registered weekly rebar capacity was 4.5617 million tonnes, and the actual rebar production was 2.8068 million tonnes, up by 57,100 tonnes, and the capacity...

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