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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

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