Our website uses cookies to ensure that we give you the best experience on our website. If you continue we'll assume that you are happy to receive all cookies on the metal.com website.
Got it
Home / Metal News / Long steel social inventories in Guangzhou fall for 2 weeks

Long steel social inventories in Guangzhou fall for 2 weeks

iconJul 31, 2019 03:46
Source:SMM
Stocks decreased by 6.83% from a week ago to stand at 980,100 mt as of Jul 31

SHANGHAI, Jul 31 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, fell for a second straight week this week, showed an SMM survey.

Stocks decreased by 6.83% from a week ago to stand at 980,100 mt as of Wednesday July 31, after a decline of 2.38% in the week to July 24. This was some 52.45% higher than a year ago.

Inventories of rebar shrank 6.22% from a week earlier but rose 31.55% from a year earlier to 571,300 mt.

Stocks of wire rods, meanwhile, dipped 0.22% week on week to 408,800 mt, standing 95.97% higher than the same period last year.

Inventory data
Rebar
Wire rods
Steel
Long steel

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All