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Long steel inventories up for first time in three months

iconJun 21, 2018 12:09
Source:SMM
Social inventories of long steel in Guangzhou rose over the week ended on Thursday June 21.

SHANGHAI, Jun 21 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province rose over the week that ended on Thursday June 21, the first increase after 13 consecutive weeks of declines, SMM data showed.

Overall long steel social inventory, including rebar and wire rod stocks, went up 3.5% from a week ago and stood at 1.09 million mt as of June 21.

Rebar inventories gained 2.3% to 793,400 mt and stocks of wire rods increased 6.7% to 295,500 mt.

Inventory data
rebar
wire rods
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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