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Home / Metal News / Rebar and Steel Wire Rod Stocks in Guangzhou Fall for Three Weeks in A Row, SMM Says
Rebar and Steel Wire Rod Stocks in Guangzhou Fall for Three Weeks in A Row, SMM Says
Aug 10, 2017 11:48Source:SMM
Rebar and steel wire rod stocks at major warehouses in Guangzhou have been falling for three weeks in a row, SMM statistics showed.
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.
SMM Interpretation of China Crazy Steel Rise Following CISA Meeting
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%.
Steel Prices to Remain in Upward Track as Positive Factors Outweigh Negative Ones, SMM Says
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