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Long steel social inventories in Guangzhou continue decline

iconMay 22, 2019 13:33
Source:SMM
Stocks shrank 7.15% from a week ago to stand at 1.33 million mt as of May 22

SHANGHAI, May 22 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 7.15% from a week ago to stand at 1.33 million mt as of Wednesday May 22, down 2% year on year, SMM data showed.

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

For the same period, stocks of wire rods lost 6.76% to 398,300 mt, standing 2% lower from a year earlier.

Inventories of rebar dropped 7.31% to stand at 927,900 mt, down 2% year on year.

Inventory data
Rebar
Wire rods
Steel
Long steel

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