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Long steel social inventories in Guangzhou edged down 0.5% on week
Jul 1,2020 13:19CST
data analysis
Source:SMM
Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 0.5%, or 7,700 mt, in the week ended July 1 to 1.52 million mt, showed SMM data.

SHANGHAI, Jul 1 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 0.5%, or 7,700 mt, in the week ended July 1 to 1.52 million mt, showed SMM data.

 

This came after an increase of 1.69%, or 25,500 mt in the previous week, which marked the first rise in 17 weeks.

 

The stocks were 52.61% higher than the same period last year.

 

Rebar accounted for 1.04 million mt, down 2.63% from a week ago but up 67.44% from a year ago.

 

The rest 483,400 mt was wire rods, up 4.41% week on week and 28.15% year on year.

Inventory data
Long steel
Rebar
Wire rods

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