Long steel social inventories in Guangzhou fell 2.1% on week

Published: Apr 1, 2020 13:43

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Social inventories of long steel (including wire rods and rebar) in Guangzhou continued to trend lower in the week ended April 1, falling 2.1% to 2.25 million mt, 26.01% higher than the same period after the Lunar New Year holiday last year.

SHANGHAI, Apr 1 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou continued to trend lower in the week ended April 1, falling 2.1% to 2.25 million mt, 26.01% higher than the same period after the Lunar New Year holiday last year, showed SMM data.

Rebar accounted for 1.44 million mt, down 2.16% from a week ago but up 19.15% from a lunar year ago.

The rest 811,500 mt is wire rods, down 1.98% week on week but 40.37% higher than the same period after the Lunar New Year holiday 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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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