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Long steel inventories in Guangzhou jump after last week's decline
Social inventories of long steel in Guangzhou increased 13.45%, or 91,700 mt, from a week ago to 773,300 mt as of Sep 27
SHANGHAI, Sep 27 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province increased 13.45%, or 91,700 mt, from a week ago to stand at 773,300 mt as of Thursday September 27, SMM data showed. This came after a decline of 6.45% in the stocks last Thursday.
Stocks of rebar built up 37,900 mt, or 9.6%, over the week to 431,900 mt while stocks of wire rods rose 53,800 mt, or 18.7%, to 341,400 mt.
Inventory data
Long steel
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Long steel social inventories in Guangzhou expand increase on week
Stocks gained 10.48% for the week ended Thursday Dec 13 after a rise of 2.37% a week ago
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Rebar, wire rods social inventories in Guangzhou decline on week
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