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Rebar social inventories in Guangzhou rose 11% on week
2019-12-11

Dec 11– Social inventories of long steel (including wire rods and rebar) in Guangzhou of Guangdong province rose this week for a second straight week, increasing 6.01% from a week ago to 680,500 mt as of Wednesday December 11, SMM data showed.

The stocks were 14.83% higher than a year earlier.

This was driven by stocks of rebar, which increased 11.19% week on week and 50.42% year on year to 478,800 mt.

Stocks of wire rods declined 4.54% this week to 201,700 mt, 26.5% lower than the same period last year.

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