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Rebar social inventories in Guangzhou rose 11% on week

iconDec 11, 2019 13:21
Source:SMM
Inventories of long steel (including wire rods and rebar) increased 6.01% from a week ago to 680,500 mt as of December 11

SHANGHAI, Dec 11 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou rose this week for a second straight week, increasing 6.01% from a week ago to 680,500 mt as of Wednesday December 11, SMM data showed.

Inventories were 14.83% higher than a year earlier.This was driven by stocks of rebar, which increased 11.19% week on week and 50.42% year on year to 478,800 mt.

Stocks of wire rods declined 4.54% this week to 201,700 mt, 26.5% lower than the same period last year.

Inventory data
Rebar
Wire rods
Steel
Long 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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