Chinese Steel Mills Pumping-up Production After Golden Week Holidays

Chinese mills pumping up the steel production with social inventories of long steel including both wire rod and steel rebar climbing in Guangzhou (Guangdong province).

  • As per the data, the long steel inventory in Guangzhou surged to stand at 892,200 mt (as on 8 October 2019), which marked a 5.39 per cent increase for the reporting period ended 25 September 2019.
  • The stocks of long steel were 11.83 per cent higher against the previous corresponding period stocks in 2018.
  • The steel rebar inventories surged by 2.7 per cent to stand at 430,000 mt (as on 8 October 2019) and 1.42 per cent against the same period in 2018.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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