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Home / Metal News / Long steel social inventories in Guangzhou rose after 4-week decline

Long steel social inventories in Guangzhou rose after 4-week decline

Dec 4, 2019 14:55

Source:SMM

Stocks were 16.69% higher than a year earlier as of Dec 4

SHANGHAI, Dec 4 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province ended four consecutive weeks of decline and rose 19.31% from a week ago to 625,900 mt as of Wednesday December 4, SMM data showed.

Stocks were 16.69% higher than a year earlier.

This week, rebar inventories in Guangzhou rebounded 29.81% to 417,600 mt, 47.46% higher than a year ago.

Stocks of wire rods climbed 2.66% to 208,300 mt, but remained 17.7% lower year on year.

Inventory data

Rebar

Wire rods

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Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 114,700 mt, in the week ended April 7 to 1.91 million mt, showed SMM data. Stocks were 336,100 mt lower than the same period last year.

Apr 7, 2021 17:08

Analysis

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Analysis

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Analysis

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Feb 5, 2021 10:05

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Long steel social inventories in Guangzhou rose after 4-week decline

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