Home / Metal News / Steel & Iron Ore / Long steel inventories in Guangzhou dip for seven consecutive weeks
Long steel inventories in Guangzhou dip for seven consecutive weeks
May 3,2018 11:48CST
data analysis
Source:SMM
Social inventories of long steel in Guangzhou, Guangdong province fell nearly 2.5% on the week and stood at 1.68 million mt as of Thursday May 3, SMM data showed.

SHANGHAI, May 3 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province fell nearly 2.5% on the week and stood at 1.68 million mt as of Thursday May 3, SMM data showed.

Inventories shrank 42,200 mt from a week ago, and this marked the seventh consecutive week of decline. The drop was at a slower rate from 7.3% in the previous week.

Rebar inventories shrank 17,500 mt to 1.12 million mt and stocks of wire rod dropped 24,700 mt to 558,400 mt.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

long steel
inventory

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news