Long steel social inventories in Guangzhou fall for 10 weeks

Published: May 29, 2019 14:46 (GMT+8)
Stocks shrank 3.91% from a week ago to stand at 1.27 million mt as of May 29

SHANGHAI, May 29 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, shrank 3.91% from a week ago to stand at 1.27 million mt as of Wednesday May 29, after they dipped 7.15% in the previous week, SMM data showed. 

This is the tenth consecutive week of decline. On a yearly basis, stocks decreased by 3.18% as of May 29, after a drop of 2% on last Wednesday. 

As of Wednesday May 29, stocks of wire rods lost 5.8% on the week to 375,300 mt, standing 11.56% lower from a year ago.

Inventories of rebar dropped 3.1% to stand at 899,000 mt, down 0.05% year on year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China’s Semi-Steel Tire Exports Down 0.92% Cumulative YoY Jan-Aug 2026
11 hours ago
China’s Semi-Steel Tire Exports Down 0.92% Cumulative YoY Jan-Aug 2026
Read More
China’s Semi-Steel Tire Exports Down 0.92% Cumulative YoY Jan-Aug 2026
China’s Semi-Steel Tire Exports Down 0.92% Cumulative YoY Jan-Aug 2026
[SMM Flash] According to customs data, in August 2026, China exported 29.696 million semi-steel tires (including retreaded tires), with cumulative exports from January to August totaling 235.7676 million units, down 0.92% YoY.
11 hours ago
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
Sep 28, 2026 17:34 (GMT+8)
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
Read More
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
[Waste Lead-Acid Battery Market Update] Recently, the Heyuan Municipal Ecology and Environment Bureau issued the "Notice on Regulating the Management of Waste Lead-Acid Batteries." According to the Ecological Environment Code of the People's Republic of China, enterprises and public institutions that engage in the collection and storage of waste without a permit may be fined 200,000-1 million yuan; those that engage in utilization and disposal operations without a permit may be fined 1-5 million yuan and ordered to suspend operations or shut down, with responsible persons fined 100,000-1 million yuan; if the act constitutes a crime, criminal liability shall be pursued in accordance with the law.
Sep 28, 2026 17:34 (GMT+8)
"Guangzhou Tightens E-bike Waste Lead-Acid Battery Management, Clarifies Hazardous Waste Rules"
Sep 28, 2026 17:33 (GMT+8)
"Guangzhou Tightens E-bike Waste Lead-Acid Battery Management, Clarifies Hazardous Waste Rules"
Read More
"Guangzhou Tightens E-bike Waste Lead-Acid Battery Management, Clarifies Hazardous Waste Rules"
"Guangzhou Tightens E-bike Waste Lead-Acid Battery Management, Clarifies Hazardous Waste Rules"
[Market Dynamics of Waste Lead-Acid Batteries from E-bikes] Recently, the Guangzhou Municipal Ecology and Environment Bureau issued a notice on the key points for environmental management of waste lead-acid batteries from e-bikes in Guangzhou. The document clarifies that waste lead-acid batteries are hazardous waste (HW31, 900-52), and scrap batteries generated from store recycling, trade-in, and repair must be transferred to licensed units. Units holding a hazardous waste collection permit (including 900-52) are exempt from electronic transfer manifests during the collection process under the centralized collection pilot program.
Sep 28, 2026 17:33 (GMT+8)