Long steel inventories in Guangzhou extend decline

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.

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