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Long steel social inventories in Guangzhou fell 3.6% on week
Jul 8,2020 14:45CST
data analysis
Source:SMM
Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 3.64%, or 55,500 mt, in the week ended July 8 to 1.47 million mt, showed SMM data.

SHANGHAI, Jul 8 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 3.64%, or 55,500 mt, in the week ended July 8 to 1.47 million mt, showed SMM data.

 

This was much larger than a dip of 0.5%, or 7,700 mt in the previous week.

 

The stocks were 36.35% higher than the same period last year.

 

Rebar accounted for 989,400 mt, down 5% from a week ago but up 55.59% from a year ago.

 

The rest 480,000 mt was wire rods, down 0.7% week on week but up 8.65% year on year.

Inventory data
Lead

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