SHANGHAI, Apr 12 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province fell 6.6% on the week and stood at 1.94 million mt as of Wednesday April 11, SMM data showed. Inventories shrank 138,300 mt from a week ago.

Rebar inventory declined 99,000 mt to 1.28 million mt and stocks of wire rod dropped 39,300 mt to 665,400 mt.

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