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Home / Metal News / Long steel inventories in Guangzhou extend decline

Long steel inventories in Guangzhou extend decline

Jun 7, 2018 14:09

Source:SMM

Social inventories of long steel in Guangzhou shrank 6.8% from a week ago and stood at 1.15 million mt as of Thursday June 7

SHANGHAI, Jun 7 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 6.8% from a week ago and stood at 1.15 million mt as of Thursday June 7, SMM data showed.

This marked the 12th consecutive week of decline.

Rebar inventories fell 7.2% to 833,500 mt and stocks of wire rods dropped 5.5% to 317,800 mt.

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Inventory data

rebar

wire rod

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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