Information Statistics Department of China Scrap Steel Application Association
Last week, the domestic scrap steel market remained stable, with scarce market resources and low arrivals from processing bases. Overall demand from steel companies was acceptable, but inventory was slightly insufficient. Compared with the previous week, the average purchase price of scrap steel for key steel enterprises has decreased by 4 yuan/ton for heavy scrap steel, 2 yuan/ton for medium scrap steel, and 4 yuan/ton for unified scrap steel.
Recently, the trend of spot prices for construction steel has fluctuated, with no significant improvement in downstream demand. The profits of converter steel companies are still meager, and some arc furnace steel companies have suffered severe losses and reduced production slightly. Considering cost pressures, steel companies often maintain low inventory production, and their willingness to increase scrap steel procurement prices is not strong. However, at present, the scrap steel market resources are still scarce, and the receiving situation of the base is still not optimistic. The peak season in the steel industry is approaching, and businesses are feeling more hopeful. The speed of shipment has slowed down, and the arrival volume of steel companies has slightly decreased. Overall, it is expected that the scrap steel market will operate in a narrow range of fluctuations in the short term.
The overall price of scrap steel in the East China region is stable, and steel companies have weak purchasing enthusiasm. The purchase price of heavy scrap steel at Nangang is 2920 yuan/ton; The purchase price of heavy scrap steel at Shagang is 2980 yuan/ton; The purchase price of Xingcheng Special Steel's heavy scrap steel is 3000 yuan/ton; The purchase price of heavy scrap steel at Ma Steel is 2730 yuan/ton; The purchase price of Tongling Fuxin heavy scrap steel is 3020 yuan/ton; The bidding price for steel bar pressing blocks at Shangang Laigang is 3070 yuan/ton, with a decrease of 30 yuan/ton; The non tax price of Xiwang Metal's first grade crushing material is 2670 yuan/ton, with a decrease of 20 yuan/ton; The base purchase price for heavy scrap steel at Ningbo Iron and Steel in August was 2769 yuan/ton.
The prices of scrap steel in central China have fluctuated, with merchants slowing down their shipping speed. Some bases have adjusted their receiving prices narrowly based on their inventory situation. The purchase price of heavy scrap steel at Angang is 2990 yuan/ton, with a decrease of 20 yuan/ton; The purchase price of heavy scrap steel at Wugang is 3270 yuan/ton; The purchase price of heavy scrap steel from Hunan Iron and Steel Henggang is 2630 yuan/ton, with an increase of 20 yuan/ton; The purchase price of low sulfur briquette scrap steel at Wuhan Iron and Steel Corporation is 3070 yuan/ton.
The narrow adjustment of scrap steel prices in South China has resulted in a shortage of market resources and difficulties in receiving goods from the base. Some merchants have a willingness to hoard goods, and steel companies have received less than their daily consumption. The purchase price of Sanyang Mingguang Heavy Scrap Steel is 2870 yuan/ton; The factory price of Class II heavy scrap steel at Shaogang, excluding taxes, is 2680 yuan/ton, with a decrease of 20 yuan/ton.
The scrap steel market in the southwest region is relatively strong, with limited market resources and price support. The delivery situation of steel enterprises is not good. The non tax price of heavy scrap steel at Chongqing Iron and Steel Corporation is 2640 yuan/ton, with an increase of 30 yuan/ton; Kunming Iron and Steel Group suspended the procurement of heavy scrap steel.
The scrap steel market in the northwest region has maintained stable operation, and the shipping speed of merchants has slowed down. Steel companies adjust their procurement prices according to their own situation and purchase according to demand. The purchase price of medium qualified materials for Xining Special Steel is 2660 yuan/ton; The purchase price of medium-sized scrap steel at Jiugang is 2680 yuan/ton.
The scrap steel market in the Northeast region is operating steadily, with difficulties in receiving goods from the base. The speed of merchant shipments has slowed down, and there is a strong desire for growth. The purchase price of heavy scrap steel at Linggang is 2980 yuan/ton; The purchase price of heavy scrap steel for Jianlong West Steel (Yichun area) is 2930 yuan/ton; The purchase price of heavy scrap steel at Ansteel is 3108 yuan/ton; The purchase price of heavy scrap steel at Fushun Special Steel is 3040 yuan/ton.
The scrap steel market in North China is operating weakly and steadily, with fierce market competition. The receiving situation of merchants is not optimistic, and the delivery situation of steel enterprises is average. The purchase price of Tianjin Steel Pipe Heavy Class II Scrap Steel is 3120 yuan/ton; The purchase price of heavy scrap steel for Shougang relocation is 3120 yuan/ton; The purchase price of medium-sized scrap steel at Baosteel is 3166 yuan/ton, with a decrease of 18 yuan/ton; The non tax price of heavy scrap steel at Hegang Shigang is 2764 yuan/ton, with a decrease of 18 yuan/ton.