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Home / Metal News / Rebar social inventories in Guangzhou rose 11% on week

Rebar social inventories in Guangzhou rose 11% on week

Dec 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

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Rebar social inventories in Guangzhou rose 11% on week

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