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Home / Metal News / Long steel social inventories in Guangzhou rose 6% on week

Long steel social inventories in Guangzhou rose 6% on week

Jan 8, 2020 14:59

Source:SMM

Social inventories of wire rods and rebar in Guangzhou increased 6.4% in the week ended January 8 to 977,400 mt

SHANGHAI, Jan 8 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou increased 6.4% in the week ended January 8 to 977,400 mt, showed SMM data.

This marked a sixth straight week of gains and produced a year-over-year increase of 16.08%.

For the same week, stocks of rebar gained 6.08% to 712,100 mt, up 42.82% year on year. Stocks of wire rods climbed 7.28% this week to 265,300 mt, 22.7% lower than the same period last year.

Inventory data

Long steel

Rebar

Wire rods

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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