Long steel inventories in Guangzhou dip for seven consecutive weeks-Shanghai Metals Market

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Long steel inventories in Guangzhou dip for seven consecutive weeks

Data Analysis 11:48:29AM May 03, 2018 Source:SMM

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

Key Words:  long steel   inventory  

Long steel inventories in Guangzhou dip for seven consecutive weeks

Data Analysis 11:48:29AM May 03, 2018 Source:SMM

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

Key Words:  long steel   inventory