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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

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