Long steel social inventories in Guangzhou fall for 5th week-Shanghai Metals Market

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Long steel social inventories in Guangzhou fall for 5th week

Data Analysis 01:42:33PM Apr 25, 2019 Source:SMM

SHANGHAI, Apr 25 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 2.72% from a week ago to stand at 1.62 million mt as of Thursday April 25, down 3.2% from a year ago, SMM data showed.

Social inventories of long steel in Guangzhou have declined for five consecutive weeks.

Stocks of wire rods lost 2.72% this week to 463,300 mt, standing 17% lower than a year earlier.

Inventories of rebar climbed 1.3% to stand at 1.16 million mt, up 3.7% year on year.

Key Words:  Inventory data  Long steel  Rebar  Wire rods 

Long steel social inventories in Guangzhou fall for 5th week

Data Analysis 01:42:33PM Apr 25, 2019 Source:SMM

SHANGHAI, Apr 25 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 2.72% from a week ago to stand at 1.62 million mt as of Thursday April 25, down 3.2% from a year ago, SMM data showed.

Social inventories of long steel in Guangzhou have declined for five consecutive weeks.

Stocks of wire rods lost 2.72% this week to 463,300 mt, standing 17% lower than a year earlier.

Inventories of rebar climbed 1.3% to stand at 1.16 million mt, up 3.7% year on year.

Key Words:  Inventory data  Long steel  Rebar  Wire rods