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Home / Metal News / Long steel social inventories in Guangzhou fell 9.5% on week

Long steel social inventories in Guangzhou fell 9.5% on week

May 13, 2020 14:13

Source:SMM

Social inventories of long steel (including wire rods and rebar) in Guangzhou fell faster this week, decreasing 9.53% from a week ago to 1.76 million mt as of Wednesday May 13, larger than a decline of 5.17% in the previous week, showed SMM data.

SHANGHAI, May 13 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou fell faster this week, decreasing 9.53% from a week ago to 1.76 million mt as of Wednesday May 13, larger than a decline of 5.17% in the previous week, showed SMM data.

The stocks were 32.76% higher than the same period after the Lunar New Year holiday last year.

Rebar accounted for 1.24 million mt, down 8.05% from a week ago but up 33.47% from a lunar year ago.

The rest 522,100 mt is wire rods, down 12.84% week on week but 31.08% higher than the same period after the Lunar New Year the year before.

Inventory data

Long steel

Rebar

Wire rods

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