Last week, domestic scrap steel prices were on the strong side, and market competition was fierce. Merchants both hoped to rise and feared the rise, and kept more “fast in and out” operations. Steel mill consumption continued to hit new highs and inventories fell slightly.

Compared with the previous week, the average purchase price of scrap for key steel enterprises has increased by 66 yuan/ton for heavy scrap, 85 yuan/ton for medium-sized scrap, and 85 yuan/ton for overall scrap.

After Tomb-sweeping Festival, the billet and finished product markets continued to operate stably, and scrap prices rose significantly. According to statistics from the Scrap Steel Association, the average purchase price of heavy scrap for 36 large and medium-sized steel companies across the country last week was 3369 yuan/ton, compared with 2,305 yuan/ton last year, an increase of 1064 yuan/ton, an increase of 46%. As prices push up, scrap supply has tightened, and merchants are reluctant to sell and wait-and-see emotions have revived. At the same time, the profitability of steel mills has once again returned to a historical high range, and the enthusiasm for production continues to rise. Under this circumstance, the pattern of weak steel supply and strong demand cannot be improved in a short period of time. It is expected that the scrap steel market will fluctuate at a high level in the near future.

The scrap steel market prices in East China are operating at a high level and the steel companies are producing at full capacity, and the merchants are more willing to price. Nangang's heavy scrap purchase price is 3370 yuan/ton, an increase of 50 yuan/ton; Shagang's heavy scrap purchase price is 3450 yuan/ton; Xingcheng Special Steel's heavy scrap purchase price is 3510 yuan/ton, an increase of 100 yuan/ton; Ma The purchase price of steel heavy scrap is 3300 yuan/ton; the purchase price of Tongling Fuxin heavy scrap is 3450 yuan/ton; the bidding price of Laiwu Steel's rebar briquettes is 3,820 yuan/ton, an increase of 200 yuan/ton; Xiwang Metal's premium heavy scrap purchases The price is 3540 yuan/ton, an increase of 140 yuan/ton; Ningbo Iron & Steel's April heavy scrap purchase base price was 3164 yuan/ton.

The scrap steel market in Central China continues to strengthen. After the price has risen, some areas have experienced car pressure. The purchase price of Angang's heavy scrap steel is 3390 yuan/ton; the purchase price of Wugang's heavy scrap steel is 3550 yuan/ton, an increase of 180 yuan/ton; the purchase price of Valin Henggang's first-level qualified materials is 3110 yuan/ton, an increase of 30 yuan/ Ton; the purchase price of WISCO's pure scrap steel is 3630 yuan/ton.

The scrap steel market in South China is becoming stronger, the finished product market is strong, and the steel mills' scrap consumption is increasing. Sangang Minguang heavy scrap purchase price is 3,510 yuan/ton, an increase of 100 yuan/ton; Shaoguan Iron and Steel's purchase price of heavy second-class scrap is 3435 yuan/ton.

The price of scrap steel in the southwestern region rose slightly, merchants' mentality was unstable, and steel mills generally arrived. The purchase price of heavy scrap No. 3 of Chongqing Iron & Steel is 3480 yuan/ton; the purchase price of Kunshan Iron and Steel's heavy scrap is 3360 yuan/ton.

The price of scrap steel in the northwestern region has been adjusted strongly, the market has a strong wait-and-see atmosphere, and the turnover of steel mills is average. The purchase price of Xining Special Steel's medium-sized first qualified material is 3370 yuan/ton, an increase of 230 yuan/ton; the purchase price of Jiugang Group's heavy scrap steel is 2978 yuan/ton.

The price of scrap steel in the northeast region is strong, the market flow resources are decreasing, the steel mills are not receiving well, and the demand is strong. The purchase price of Linggang's heavy scrap steel is 3,500 yuan/ton; the purchase price of Anshan Iron and Steel's steel baling block is 3645 yuan/ton, an increase of 100 yuan/ton; the purchase price of Jianlong Xigang's heavy scrap steel is 3645 yuan/ton, an increase of 200 yuan/ton; The purchase price of Fushun Special Steel's heavy scrap steel is 3370 yuan/ton.

The scrap market in North China turned from weak to strong, and the purchase prices of steel mills and bases increased. The purchase price of Tianjin Steel's heavy scrap steel is 3380 yuan/ton, an increase of 150 yuan/ton; the purchase price of Shougang Qiangang's heavy scrap steel is 3670 yuan/ton, an increase of 100 yuan/ton; the purchase price of Baotou's heavy-duty second-class scrap steel is 3655 yuan/ton ; Taigang's purchase price for heavy scrap steel is 3150 yuan/ton.