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Scrap prices have stabilized

Dec. 13, 2018

In the week, scrap prices stopped falling and stabilized, and merchants sold and fell without selling, and steel mills arrived in general. Some key steel enterprises in East China, Central China, South China, Southwest China, Northwest China and North China adjusted their purchase prices.


The average purchase price of key steel scrap is 14 yuan/ton lower than that of the previous week. The price of medium-sized scrap is raised by 28 yuan/ton, the price of scrap is raised by 16 yuan/ton, and the average purchase price of pig iron is the same as the previous week. Compared with the downward adjustment of 60 yuan / ton.


Steel prices rose sharply in the previous week, steel mills increased demand for scrap and slightly raised scrap prices. However, traders have been cautious in their handling of scrap prices in the previous period, and their supply enthusiasm is not strong. Steel mills' scrap arrivals were not good and stocks declined slightly. It is expected that the scrap market will stabilize in a short period of time.


Scrap prices in East China stopped falling and rebounded, and market transactions were general. Xiwang Metal Heavy Duty Scrap purchase price was raised by 210 yuan/ton, and Ningsteel was lowered by 300 yuan/ton. Other key steel companies are holding steady.


The purchase price of heavy-weight qualified materials for key steel enterprises is 1,800 yuan/ton to 2,691 yuan/ton, and the purchase price for medium-sized qualified materials is 1,430 yuan/ton to 2,645 yuan/ton.


Scrap prices in Central China rose slightly. The purchase price of Wugang heavy scrap was raised by RMB 50/ton, and that of Handan Iron and Steel was increased by RMB 70/ton. Other key steel companies are holding steady.


The purchase price of heavy-weight qualified materials for key steel enterprises is 2090 yuan / ton ~ 2440 yuan / ton, and the purchase price of medium-sized qualified materials is 2,000 yuan / ton ~ 2320 yuan / ton.


Scrap prices in South China rose at a low level. The purchase price of Sangang Shuguang heavy scrap was raised by RMB 250/ton, Liugang was raised by RMB 160/ton, and Handan Steel was raised by RMB 50/ton.


The purchase price of heavy-weight qualified materials for key steel enterprises is 2080 yuan / ton ~ 2520 yuan / ton, and the purchase price of medium-sized qualified materials is 2,000 yuan / ton ~ 2460 yuan / ton.


The scrap market in the southwest region is weak and volatile, and the volume of steel mills is reduced. The purchase price of heavy steel scrap in Shuigang was lowered by RMB 100/ton, and Kunming Steel was lowered by RMB 290/ton.


The purchase price of heavy-weight qualified materials for key steel enterprises is 2330 yuan / ton ~ 2680 yuan / ton, and the purchase price of medium-sized qualified materials is 2290 yuan / ton ~ 2610 yuan / ton.


The scrap market in the northwest region is running oscillating. The purchase price of heavy-weight qualified materials for key steel enterprises is 2,170 yuan / ton to 2,330 yuan / ton, and the purchase price of medium - sized qualified materials is 2,070 yuan / ton to 2,300 yuan / ton.


The scrap market in the Northeast has stabilized. The purchase price of heavy-weight qualified materials for key steel enterprises is 2,290 yuan / ton to 2,800 yuan / ton, and the purchase price of medium-sized qualified materials is 2,000 yuan / ton to 2,700 yuan / ton.


Scrap prices in North China rose slightly. The purchase price of heavy-weight qualified materials for key steel enterprises is 2,350 yuan / ton to 2,540 yuan / ton, and the purchase price of medium-sized qualified materials is 2,300 yuan / ton to 2,470 yuan / ton.


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