Tianjin Xinyue Industrial and Trade Co., Ltd.
Tianjin Xinyue Industrial and Trade Co., Ltd.
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Domestic scrap steel mainstream market prices are stable

Feb. 25, 2021

Last week, the mainstream domestic scrap steel market was stable and adjusted individually. Merchants were cautious about the market after the Spring Festival and adopted a "fast in and out" strategy. However, the overall arrival situation of steel mills was average, and the winter storage of scrap steel was basically over, depending on their own conditions. Adjust the purchase price within a narrow range.


Compared with the previous week, the average purchase price of scrap for key steel companies has increased by 5 yuan/ton for heavy scrap, 8 yuan/ton for medium-sized scrap, and 13 yuan/ton for aggregate scrap.


Entering February, scrap steel processing and distribution companies have been on holidays one after another, and the market is in a half-closed state. As the Spring Festival approaches and the prices of finished products continue to fall, the profits of steel mills are squeezed, independent electric arc furnace steel mills are not enthusiastic about production, and demand for scrap steel is gradually decreasing. A few steel mills take precautions to prepare for production after the Spring Festival; long-process steel mills before the Spring Festival The scrap steel reserves are sufficient, and the material preparation can be used for 20 to 30 days. During the Spring Festival, steelmaking production continues, but individual steel companies suspend the collection of materials for 3 to 7 days. Industry insiders predict that the scrap steel market will operate stably in the near future, and the number of steel mills will be limited.


The scrap steel market in East China is operating steadily, with more merchants leaving the market, and the arrival of steel mills has declined. Nangang's heavy scrap purchase price is 3170 yuan/ton; Shagang's heavy scrap purchase price is 3250 yuan/ton; Xingcheng Special Steel's heavy scrap purchase price is 3260 yuan/ton; Maanshan Iron and Steel's heavy scrap purchase price is 3010 yuan/ton; Tongling The purchase price of Fuxin's heavy scrap steel is 3140 yuan/ton; the bidding price of Laiwu Iron and Steel's heavy briquette B is 3540 yuan/ton, an increase of 25 yuan/ton; the purchase price of Xiwang Metal's fine heavy scrap steel is 3360 yuan/ton, an increase of 30 yuan/ Tons; Ningbo Iron & Steel's February heavy scrap purchase base price was 3051 yuan/ton, an increase of 200 yuan/ton.

Domestic scrap steel mainstream market prices are stable

The scrap steel market in Central China is operating steadily and weakly, with reduced circulation resources and relatively thin transactions. The purchase price of Anyang Iron and Steel's heavy-duty scrap is 3150 yuan/ton; the purchase price of Wugang's heavy-duty scrap is 3220 yuan/ton; the purchase price of Valin Henggang's first-class qualified material is 2820 yuan/ton, and the purchase price of LY Steel's high-quality shear material is 2710 The purchase price of Xiangtan Iron and Steel's heavy scrap is reduced by RMB 2960/ton, and the purchase price of heavy scrap is reduced by RMB 50/ton; the purchase price of Wuhan Iron and Steel's heavy scrap is RMB 3,100/ton.


The scrap steel market in southern China is operating weakly, with few steel mills arriving. Sangang Minguang's heavy scrap purchase price is 3170 yuan/ton, down by 50 yuan/ton; Shaoguan Iron and Steel's heavy-duty second-class scrap purchase price is 3243 yuan/ton.


The mainstream market prices of scrap steel in the southwestern region are stable, with individual declines. Some independent electric arc furnace steel mills are in a state of suspension of production and production, while the production of long-process steel mills continues during the holiday season and the inventory is basically replenished. The purchase price of heavy-duty No. 3 scrap of Chongqing Iron and Steel is 3232 yuan/ton, down 40 yuan/ton; the purchase price of Shougang Shuigang heavy-duty scrap is 2890 yuan/ton; the purchase price of Kunshan Iron and Steel's heavy-duty scrap is 2940 yuan/ton.


The scrap steel market in Northwest China is operating steadily, with many merchants leaving the market, and price fluctuations are of little significance. The purchase price of Xining Special Steel's medium-sized first-qualified material is 2990 yuan/ton, and the purchase price of Jiuquan Steel's heavy-duty scrap is 2888 yuan/ton.


The scrap steel market in Northeast China is operating steadily, most bases have already closed, the market resources are scarce, and individual steel mills have begun to consume inventories. The purchase price of Linggang's heavy scrap steel is 3000 yuan/ton; the purchase price of Anshan Iron and Steel's heavy (medium) scrap is 3440 yuan/ton, which is reduced by 30 yuan/ton; Jianlong Xigang's heavy scrap purchase price is 3355 yuan/ton; Fushun Special Steel The purchase price of heavy scrap steel is RMB 3,410/ton, which is lowered by RMB 80/ton.


The scrap steel market in North China is operating weakly and steadily, and resources continue to decrease. There is still a gap in the inventory of individual steel mills, and prices tend to rise but never fall. The purchase price of Tianjin Steel's heavy scrap steel is 3,200 yuan/ton; the purchase price of Shougang Qiangang's heavy scrap steel is 3370 yuan/ton; the purchase price of Baotou's heavy-duty second-class scrap is 3467 yuan/ton, an increase of 68 yuan/ton; Taiyuan Iron and Steel's heavy scrap purchases The price is 2990 yuan/ton.


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