Long steel social inventories in Guangzhou rebound on week

Published: Dec 6, 2018 10:43

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Stocks accumulated 17,100 mt, or 3.29%, over the week ended Dec 6 to stand at 536,400 mt

SHANGHAI, Dec 6 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province started to rebound after they shrank 12,600 mt, or 2.37%, a week ago, SMM data showed.

Stocks accumulated 17,100 mt, or 3.29%, over the week ended December 6 to stand at 536,400 mt. A rise of 17,300 mt, or 6.5%, in rebar inventories accounted for the overall increase.

Stocks of wire rods in Guangzhou continued to fall, by 200 mt, or 0.1%, to 253,200 mt on the week.

Inventory data Long steel

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