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Long steel social inventories in Guangzhou rose 2.76% on week, with rebar stocks up 1.24%
Sep 2,2020 16:07CST
data analysis
Source:SMM
Social inventories of long steel (including wire rods and rebar) in Guangzhou increased 2.76%, or 35,500 mt, in the week ended September 2 to 1.32 million mt, showed SMM data. The stocks were 53.17% higher than the same period last year.

SHANGHAI, Sep 2 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou increased 2.76%, or 35,500 mt, in the week ended September 2 to 1.32 million mt, showed SMM data. The stocks were 53.17% higher than the same period last year.

Rebar accounted for 798,500 mt, up 1.24% from a week ago and up 74.19% from a year ago.

The rest 521,100 mt was wire rods, up 5.19% week on week and 29.3% year on year.

Muted trades led to the buildup of inventories.

Inventory data
Rebar
Wire rods

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