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.
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