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

Long steel inventories in Guangzhou continue decline

Jun 14, 2018 11:59

Source:SMM

Social inventories of long steel in Guangzhou, Guangdong province shrank 8.6% from a week ago

SHANGHAI, Jun 14 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province shrank 8.6% from a week ago and stood at 1.05 million mt as of Thursday June 14, SMM data showed.

This marked the 13th consecutive week of decline.

Rebar inventories fell 7.0% to 775,400 mt and stocks of wire rods dropped 12.8% to 277,000 mt.

Inventory data

rebar

wire rods

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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Long steel inventories in Guangzhou continue decline

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