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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