SHANGHAI, Sep 27 (SMM) – Social inventories of long steel in Guangzhou, Guangdong province increased 13.45%, or 91,700 mt, from a week ago to stand at 773,300 mt as of Thursday September 27, SMM data showed. This came after a decline of 6.45% in the stocks last Thursday.
Stocks of rebar built up 37,900 mt, or 9.6%, over the week to 431,900 mt while stocks of wire rods rose 53,800 mt, or 18.7%, to 341,400 mt.
