Long steel social inventories in Guangzhou fell for 4 weeks

Published: Nov 20, 2019 15:39

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Stocks decreased 12.96% from a week ago to 535,500 mt as of Nov 20

SHANGHAI, Nov 20 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province fell for a fourth straight week, decreasing 12.96% from a week ago to 535,500 mt as of Wednesday November 20, SMM data showed.

Stocks were 0.68% higher than a year earlier.

This week, rebar inventories in Guangzhou shrank 6.65% to 301,700 mt, 8.41% higher than a year ago.

Stocks of wire rods fell 19.93% to 233,800 mt, with a year-on-year decrease of 7.8%.

Inventory data Long steel Rebar Wire rods

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