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Long steel inventories in Guangzhou fall faster on the week

iconMay 31, 2018 11:31
Source:SMM
Social inventories of long steel in Guangzhou, Guangdong province shrank over 8.7% on the week and stood at 1.24 million mt as of Thursday May 31

SHANGHAI, May 31 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank over 8.7% on the week and stood at 1.24 million mt as of Thursday May 31, SMM data showed. 

This marked the 11th consecutive week of decline, and registered a decline faster than the 7.7% drop on Thursday May 24

Rebar inventories fell 49,500 mt to 898,600 mt and stocks of wire rods dropped 68,600 mt to 336,400 mt.

 


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Inventory data
Long steel
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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