Long steel social inventories in Guangzhou extend gains

Published: Mar 21, 2019 13:16
Stocks of wire rods, rebar in Guangzhou gained 0.46% from a week ago and stood at 1.96 million mt as of Mar 21

SHANGHAI, Mar 21 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, gained 0.46% from a week ago and stood at 1.96 million mt as of Thursday March 21, SMM data showed.

For the same week, rebar stocks across the region expanded 4,500 mt, or 0.4%, to stand at 1.27 million mt, and inventories of wire rods climbed 0.6%, or 4,400 mt, to stand at 693,100 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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