Long steel inventory in Guangzhou continues decline

SHANGHAI, Apr 19 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province fell 4.6% on the week and stood at 1.85 million mt as of Wednesday April 18, SMM data showed. Inventories shrank 89,500 mt from a week ago.

Rebar inventory declined 65,400 mt to 1.21 million mt and stocks of wire rod dropped 24,100 mt to 641,300 mt.

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