Guangdong Sees 4.4 Per cent Drop in Construction Steel Inventories, with Rebar Growing SMM Reports

SHANGHAI, Aug. 24 (SMM) – Inventories of construction steel inventories dropped for 5 weeks in a row in major warehouses in Guangdong, according to SMM data. 

Total inventories were 510,700 tonnes, down 23,300 tonnes or 4.4 per cent on a weekly basis. 

Two Mills in Hebei Closes or Suspends Production

Rebar inventories were 387,900 tonnes, up 9,500 tonnes or 2.5 per cent on a weekly basis, and this was the first growth after falling for one month. Wire rod inventories fell 32,800 tonnes or 21.1 per cent to 122,800 tonnes.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.