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

Long steel inventories in Guangzhou continue decline

iconJun 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news