Last week, the domestic steel scrap market continued to show a weak pattern. Market resources were tight, merchants had difficulty receiving goods, steel mills were still able to arrive, and inventories remained stable. Most of the key steel companies adjusted their purchase prices according to their own conditions.

Compared with the previous week, the average purchase price of scrap for key steel enterprises has been reduced by 18 yuan/ton for heavy scrap, 22 yuan/ton for medium-sized scrap, and 11 yuan/ton for bulk scrap.

Last week, the steel market fluctuated and weakened, and the price of iron ore continued to fall. As a result, steel mills were not willing to purchase scrap, and they lowered their scrap purchase prices. However, it is learned from the merchants that the overall transaction in the scrap steel market is relatively weak, and the processing bases receive more materials as they go on the market. In the case of rising transportation costs, although steel mills' scrap consumption has decreased slightly compared with the previous period, the overall consumption is still at a relatively high historical level, and the power curtailment policy is loosened, scrap demand will gradually rise. Industry insiders predict that the scrap market will be weakened in the short term, and there will be limited room for price reductions.

The scrap steel market in East China continues to weaken, and the pace of merchant shipments is accelerating. Nangang's heavy scrap purchase price is 3670 yuan/ton, down 100 yuan/ton; Shagang’s heavy scrap purchase price is 3760 yuan/ton, down 50 yuan/ton; Xingcheng Special Steel's heavy scrap purchase price is 3810 yuan/ton, down 50 yuan/ton; Maanshan Iron & Steel's purchase price of ordinary heavy scrap is 3590 yuan/ton, which is reduced by 50 yuan/ton; Tongling Fuxin's heavy scrap purchase price is 3850 yuan/ton; Laiwu Steel's rebar briquetting price is 4095 yuan/ton, The price increase is RMB 45/ton; the purchase price of Xiwang Metal's fine heavy-duty steel scrap is RMB 3770/ton; the base price of Ningbo Iron and Steel's heavy-duty scrap purchase price in August is RMB 3616/ton.

The price of scrap steel in Central China is mainly stable, and most merchants wait and see. The arrival volume of some steel mills has declined, production consumption has continued to decline, and the enthusiasm for purchasing is not high. Angang's heavy scrap purchase price is 3890 yuan/ton, an increase of 30 yuan/ton; Wugang heavy scrap purchase price is 4,050 yuan/ton, an increase of 50 yuan/ton; Valin Henggang's first-level qualified material purchase price is 3560 yuan/ Tons; the purchase price of Wuhan Iron and Steel's low-sulfur briquette is 3,920 yuan/ton.

The scrap steel market in South China is weak, with fewer market resources and difficulties for merchants to receive goods. Steel mills adjusted their purchase prices within a narrow range based on the arrival of the goods. Sangang Minguang's heavy scrap purchase price is 3770 yuan/ton; Shaogang's heavy-duty type 2 scrap is 3,600 yuan/ton in cash, an increase of 30 yuan/ton.

Scrap prices in the southwestern region have been slightly lowered, and some steel mills have received unsatisfactory delivery, mainly consuming inventories. The heavy-duty No. 1 scrap of Chongqing Iron & Steel has a price of 3540 yuan/ton excluding tax. Kunming Steel has not purchased scrap for the time being.

The scrap steel market in the northwestern region remained stable, with merchants operating cautiously, and steel mills' arrivals declined. The purchase price of Xining Special Steel's medium-sized first qualified material is 3790 yuan/ton, an increase of 50 yuan/ton; the purchase price of Jiuquan's heavy scrap steel is 3541 yuan/ton.

The scrap steel market in the Northeast region is weak and down, and most merchants panic throwing goods, but the arrival of steel mills has not seen a significant increase. The purchase price of Linggang's heavy scrap steel is 3780 yuan/ton; the purchase price of Jianlong Xigang's heavy scrap steel is 3565 yuan/ton, which is reduced by 100 yuan/ton; the purchase price of Anshan Iron and Steel's heavy scrap steel is 3745 yuan/ton; the purchase price of Fushun Special Steel's heavy scrap steel It is 3790 yuan/ton.

Scrap prices in North China continued to fall, futures plunged into the scrap market, and merchants actively shipped goods, and steel mills' arrivals increased. The purchase price of Tianjin Steel's heavy scrap steel is 3860 yuan/ton, down 100 yuan/ton; the purchase price of Shougang Qiangang's heavy scrap steel is 4100 yuan/ton; the purchase price of Baotou Steel's heavy-duty type 2 scrap is 4081 yuan/ton; Taiyuan Iron and Steel's heavy-duty scrap purchases The price is 3510 yuan/ton.