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Long steel social inventories in Guangzhou fell 4.2% on week
Mar 25,2020 14:58CST
data analysis
Source:SMM
Social inventories of long steel (including wire rods and rebar) in Guangzhou fell 4.24% in the week ended March 25 to 2.3 million mt, 25.49% higher than the same period after the Lunar New Year holiday last year, showed SMM data.

SHANGHAI, Mar 25 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou fell 4.24% in the week ended March 25 to 2.3 million mt, 25.49% higher than the same period after the Lunar New Year holiday last year, showed SMM data.

 

Rebar accounted for 1.47 million mt, down 5.88% from a week ago but up 19.91% from a lunar year ago.

 

The rest 827,900 mt are wire rods, down 2.78% week on week but 36.82% higher than the same period after the Lunar New Year holiday last year.

Inventory data
Long steel
Rebar
Wire rods

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