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Long steel social inventories in Guangzhou fall for 5 weeks
Stocks decreased by 3.4% from a week ago to stand at 838,500 mt as of Aug 21
SHANGHAI, Aug 21 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, fell for a fifth straight week this week, showed an SMM survey.
Stocks decreased by 3.4% from a week ago to stand at 838,500 mt as of Wednesday August 21, compared to a drop of 7.01% in the week to August 14. The figure as of August 21 was some 24.44% higher than a year ago.
Inventories of rebar shrank 5.04% from a week earlier but rose 18.79% from a year earlier to 467,100 mt.
Stocks of wire rods, meanwhile, dipped 1.25% week on week to 371,400 mt, standing 32.36% higher than the same period last year.
Inventory data
Long steel
Rebar
Wire rods
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