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Long steel social inventories in Guangzhou fell 0.56% on week

Social inventories of long steel including wire rods and rebar in Guangzhou decreased 0.56% or 7400 mt in the week ended August 12 to 1.31 million mt showed SMM data. The stocks were 50.75% higher than the same period last year

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Long steel social inventories in Guangzhou fell 1.41% on week

Stocks were 55.2% higher than the same period last year. Rebar accounted for 788700 mt of the social inventories down 2.73% from a week ago but up 73.8% from a year ago. Meanwhile wire rods inventories totalled 495400 my up 0.75% week on week and 32.5% year on year. Shipments have improved amid positive demand and good weather in Guangzhou.

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