Rebar stocks in Guangzhou gain 20% on the week

Published: Sep 13, 2018 14:23
Stocks of rebar, wire rods in Guangzhou increased 15.8% to 728,600 mt as of Thursday Sep 13

SHANGHAI, Sep 13 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province increased 15.8%, or 99,400 mt, from a week ago to stand at 728,600 mt as of Thursday September 13, SMM data showed.

Stocks of rebar surged 73,500 mt or 20.4% over the week to 433,100 mt and stocks of wire rods grew 25,900 mt, or 9.6%, to 295,500 mt.

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

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