Long steel social inventories in Guangzhou fell 2.1% on week_SMM

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Home / Metal News / Steel & Iron Ore / Long steel social inventories in Guangzhou fell 2.1% on week

Long steel social inventories in Guangzhou fell 2.1% on week

Apr 1,2020 13:43

CST

data analysis

Source: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.

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

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