Rebar and Steel Wire Rod Stocks in Guangzhou Fall for Three Weeks in A Row, SMM Says

SHANGHAI, Aug. 10 (SMM) –Rebar and steel wire rod stocks at major warehouses in Guangzhou have been falling for three weeks in a row, SMM statistics showed. 

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As of August 10, rebar and steel wire rod stocks at major warehouses in Guangzhou totaled 584,500 tonnes, down 94,700 tonnes or 13.9% week-on-week, including 414,200 tonnes of rebar, down 11.2% and 170,300 tonnes of steel wire rod, down 19.9%. 

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