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Domestic scrap prices have been mixed

Apr. 27, 2021

Last week, domestic scrap steel prices went up and down. Affected by the volatility of finished product prices, merchants have unstable mentality and are actively shipping. Most steel companies have increased their shipments compared with the previous week.


Compared with the previous week, the average scrap purchase price of key steel companies has increased by 35 yuan/ton for heavy scrap, 47 yuan/ton for medium-sized scrap, and 37 yuan/ton for aggregate scrap.

Domestic scrap prices have been mixed

The steel mills have full production momentum, and the demand for scrap steel remains unabated, and there are signs of appropriately increasing the amount and increasing production. Recently, despite frequent fluctuations in the finished product market, leading steel companies in many regions have good profits, scrap purchases have remained relatively stable, and prices have not fluctuated significantly. The "May Day" holiday is approaching, and industry insiders expect the short-term scrap market to stabilize and consolidate.


The scrap steel market in East China is operating steadily and on the strong side. Leading steel companies have risen, boosting market confidence, and steel mills have generally increased their arrivals. Nangang's heavy scrap purchase price is 3450 yuan/ton, an increase of 80 yuan/ton; Shagang's heavy scrap purchase price is 3550 yuan/ton, an increase of 100 yuan/ton; Xingcheng Special Steel's heavy scrap purchase price is 3510 yuan/ton; Ma The purchase price of steel heavy scrap is 3380 yuan/ton, an increase of 80 yuan/ton; the purchase price of Tongling Fuxin's heavy scrap steel is 3540 yuan/ton, an increase of 90 yuan/ton; the bidding price of Laiwu Steel's rebar briquettes is 3760 yuan/ton, down 60 yuan/ton; Xiwang Metal's premium heavy scrap purchase price is 3540 yuan/ton; Ningbo Iron and Steel's April heavy scrap purchase base price is 3164 yuan/ton.


The scrap steel market in Central China was up and down, and merchants had different mentalities. They mainly wait and see, and the steel mills can get the goods. The purchase price of Angang's heavy scrap steel is 3,500 yuan/ton, an increase of 110 yuan/ton; the purchase price of Wugang's heavy scrap steel is 3460 yuan/ton, and a decrease of 90 yuan/ton; the purchase price of Valin Henggang's first-level qualified materials is 3110 yuan/ Ton.


Scrap steel prices in South China are operating steadily, the market has a strong wait-and-see attitude, and merchants are importing and exporting normally. The purchase price of Sangang Minguang heavy-duty scrap is 3,510 yuan/ton, and the purchase price of Shaogang's heavy-duty second-class scrap is 3435 yuan/ton.


The mainstream scrap market in the southwestern region is stable, with individual adjustments, and the prices of finished products fluctuate frequently. Steel mills purchase scrap on demand. The purchase price of heavy-duty No. 3 scrap of Chongqing Iron and Steel is 3480 yuan/ton; the purchase price of heavy-duty scrap of Kunming Iron and Steel is 3350 yuan/ton, which is reduced by 10 yuan/ton.


The price of scrap steel in the northwestern region has temporarily stabilized, the market circulation resources are acceptable, and the arrival of steel mills has increased, and the businessmen's mentality of fear of falling appears. The purchase price of Xining Special Steel's medium-sized first qualified material is 3370 yuan/ton, and the purchase price of Jiuquan Steel's heavy-duty scrap is 2978 yuan/ton.


The scrap steel market in the Northeast region is operating strongly, billet prices have rebounded, merchants’ panic has been eased, and steel mills’ arrivals have dropped slightly. The purchase price of Linggang's heavy scrap steel is 3,500 yuan/ton; the purchase price of Anshan Iron and Steel's rebar packing block is 3675 yuan/ton, which is increased by 30 yuan/ton; Jianlong Xigang's heavy scrap purchase price is 3645 yuan/ton; Fushun Special Steel's heavy scrap purchase The price is 3,520 yuan/ton.


The scrap steel market in North China is operating on the strong side, merchants are actively shipping, and steel companies' inventory and arrival volume have increased significantly. The purchase price of Tianjin Pipe's heavy scrap steel is 3460 yuan/ton, an increase of 80 yuan/ton; the purchase price of Shougang Qiangang's heavy scrap steel is 3670 yuan/ton; the purchase price of Baotou's heavy-duty scrap steel is 3673 yuan/ton, an increase of 20 yuan/ton ; Taigang's heavy scrap purchase price is 3270 yuan/ton, up 120 yuan/ton.


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