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Long steel social inventories in Guangzhou rose 5.4%

iconOct 8, 2019 16:22
Source:SMM
Stocks increased by 5.39% to 892,200 mt.

SHANGHAI, Oct 8 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province increased to 892,200 mt as of Tuesday October 8, 5.39% higher from September 25, SMM data showed.

Stocks were 11.83% higher than the same period last year.

During the same period, rebar inventories across the region rose 2.7% to 430,000 mt, 1.42% higher than a year ago.

Stocks of wire rods grew 8.02% to 462,200 mt, with a year on year increase of 23.6%.

Inventory data
Rebar
Wire rods
Steel
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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