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Flash: Guangzhou's long steel social inventory down 2.1%

iconMar 22, 2018 12:13
Source:SMM
Social inventories of long steel in Guangzhou, Guangdong province stood at 2.18 million mt the week of March 19, down 46,500 mt from a week ago, SMM data showed. 

SHANGHAI, Mar 22 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province stood at 2.18 million mt the week of March 19, down 46,500 mt from a week ago, SMM data showed. 

Rebar inventory fell 21,400 mt to 1.46 million mt and stocks of wire rod dropped 25,100 mt to 723,900 mt.

 


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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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