Last week, the domestic scrap market was operating strongly, steel mills were willing to store in winter, prices increased to stimulate shipments, superimposed steel prices continued to fall, merchants’ willingness to increase expectations weakened, shipments were more active, and steel mills’ overall arrival situation was good.

Compared with the previous week, the average purchase price of scrap for key steel companies has been increased by RMB 83/ton for heavy scrap, RMB 80/ton for medium-sized scrap, and RMB 67/ton for aggregate scrap.

Last weekend, the scrap price of Shagang increased by 150 yuan/ton, which drove the scrap purchase price of surrounding steel mills to follow up quickly. The arrival volume of most steel mills increased, but some steel mills still fell short of expectations. With the weakening of demand for finished products, the increase in inventories and the weak operation of the futures market, spot prices have loosened, steel mills' profits have shrunk, and scrap prices in individual regions have slightly adjusted. However, considering the aggravation of the current epidemic situation and the early holiday of the business, steel mills still have a shortfall in winter storage. Steel mills often plan to increase their winter storage purchases. It is expected that the short-term scrap market will have limited downward space and will be adjusted mainly by narrow fluctuations.

The scrap steel market in East China is operating steadily and on the strong side. Steel mills are absorbing goods and stocks have increased. Nangang's heavy scrap purchase price is 3,230 yuan/ton, an increase of 150 yuan/ton; Shagang's heavy scrap purchase price is 3,310 yuan/ton, an increase of 150 yuan/ton; Xingcheng Special Steel's heavy scrap purchase price is 3260 yuan/ton, an increase 100 yuan/ton; Maanshan Iron and Steel's heavy scrap purchase price is 3010 yuan/ton, an increase of 80 yuan/ton; Tongling Fuxin's heavy scrap purchase price is 3160 yuan/ton; Laiwu Iron and Steel's heavy briquetting B bidding price is 3580 yuan/ton, Increased 170 yuan/ton; Xiwang Metal's premium heavy scrap purchase price was 3330 yuan/ton, and increased 110 yuan/ton; Ningbo Iron & Steel's January heavy scrap purchase base price was 2,825 yuan/ton.

The mainstream scrap steel market in Central China is stable, with individual adjustments, and merchants are more motivated to ship. Angang's heavy scrap purchase price is 3150 yuan/ton, an increase of 120 yuan/ton; Wugang heavy scrap purchase price is 3,220 yuan/ton, an increase of 100 yuan/ton; Valin Henggang's first-level qualified material purchase price is 2940 yuan/ton Ton, the purchase price of Lianyuan Iron and Steel's high-quality shearing material is 2830 yuan/ton, down by 20 yuan/ton, the purchase price of Xiangtan Iron and Steel's heavy scrap steel is 3080 yuan/ton, and the purchase price is 130 yuan/ton; Wuhan Iron and Steel's heavy scrap purchase price is 3100 yuan/ton , Increase by RMB 50/ton.

The scrap steel market in southern China is operating on the strong side, and the profits of steel mills are squeezed, and more scrap is purchased on demand. Sangang Minguang's heavy scrap purchase price is 3250 yuan/ton, an increase of 80 yuan/ton; Shaoguan Iron and Steel's heavy-duty second-class scrap purchase price is 3345 yuan/ton, an increase of 10 yuan/ton.

The scrap steel market in the southwestern region is consolidating. The arrival of steel mills is average, and the inventory is less than expected. The purchase price of heavy steel scrap No. 3 of Chongqing Iron & Steel is 3288 yuan/ton, an increase of 30 yuan/ton; the purchase price of heavy scrap steel of Shougang Shuigang is 2890 yuan/ton; the purchase price of heavy scrap steel of Kunming Iron and Steel is 2870 yuan/ton.

The scrap steel market in the Northwest region fluctuates upwards, resources are scarce, and steel mills arrive and inventory falls short of expectations. The purchase price of Xining Special Steel's medium-sized qualified materials is 3,040 yuan/ton, an increase of 170 yuan/ton; the purchase price of JISCO's heavy scrap steel is 2,718 yuan/ton.

The scrap market in Northeast China fluctuated and strengthened. Linggang's heavy scrap purchase price is 2,980 yuan/ton; Anshan Iron and Steel's rebar head purchase price is 3320 yuan/ton; Jianlong Xigang's heavy scrap purchase price is 3355 yuan/ton, an increase of 150 yuan/ton.

The scrap steel market in North China is operating on the strong side. Due to the impact of the epidemic, transportation is restricted, freight rates are rising, and steel mills' arrivals are falling. The purchase price of Tianjin Steel's heavy scrap steel is 3,230 yuan/ton, an increase of 40 yuan/ton; the purchase price of Shougang Qiangang's heavy scrap steel is 3370 yuan/ton; the purchase price of Baotou Steel's heavy concentrate is 3302 yuan/ton; Taiyuan Iron and Steel's heavy scrap purchase price It is 2890 yuan/ton, up 60 yuan/ton.