The domestic scrap market prices are consolidating, and market resources are still in short supply

Last week, the domestic scrap steel market was consolidating and market resources were still in short supply. Merchants were cautiously waiting and watching. The purchase prices of steel mills were mainly stable, and individual manufacturers adjusted slightly according to their own conditions. Compared with the previous week, the average purchase price of scrap for key steel enterprises has increased by RMB 6/ton for heavy scrap, increased by RMB 9/ton for medium-sized scrap, and RMB 8/ton for aggregate scrap.

Last week, scrap steel prices in various regions fluctuated with the local finished product market, and the arrival of steel mills increased. However, due to the high enthusiasm for scrap steel for smelting, the arrival of scrap steel was still not enough for consumption, and the inventory continued to decline slowly. At present, the scrap market is relatively lack of supply, fierce competition, and merchants are not motivated to ship, which supports scrap prices. However, recently the finished product market has weakened, the transaction is not good, and the profit margin of steel mills has been squeezed. It is expected that the short-term scrap market will be stable.

Strong demand for scrap steel in East China has supported price consolidation at high levels. The purchase price of heavy scrap of Nangang is 2670 yuan/ton; the purchase price of heavy scrap of Shagang is 2760 yuan/ton; the purchase price of heavy scrap of Xingcheng Special Steel is 2810 yuan/ton, which is increased by 30 yuan/ton; 2650 yuan/ton; Tongling Fuxin's heavy scrap purchase price is 2780 yuan/ton; Fangda Special Steel's heavy scrap purchase price is 2470 yuan/ton; Laiwu steel plate briquetting price is 3000 yuan/ton; Xiwang Metal Boutique The purchase price of heavy scrap steel was 2820 yuan/ton; Ningbo Iron & Steel's August base purchase price of heavy scrap steel was 2362 yuan/ton.

The scrap steel market in central China remained stable, and individual steel mills slightly raised their scrap purchase prices. The purchase price of Anyang Iron and Steel's heavy-duty scrap is 2740 yuan/ton; the purchase price of Wugang's heavy-duty scrap is 2810 yuan/ton; the purchase price of Valin Henggang's first-class qualified material is 2,590 yuan/ton, and the purchase price of LY Steel's high-quality shearing material is 2675 Yuan/ton, raise 20 Yuan/ton; Xinyegang's heavy scrap purchase price is 2,590 Yuan/ton.

The scrap steel market in southern China is rising steadily, market resources are in short supply, and steel mills are not receiving well. Sangang Minguang's heavy scrap purchase price is 2730 yuan/ton, Liuzhou Iron and Steel's second-class scrap purchase price is 2720 yuan/ton, and Shaoguan Iron and Steel's heavy scrap purchase price is 2790 yuan/ton.

The scrap steel market in Southwestern China is operating steadily and strongly, and merchants are not enthusiastic about shipping. The purchase price of Panchang Iron and Steel's heavy scrap is RMB 2550/ton, the purchase price of heavy steel scrap of Chongqing Iron and Steel is RMB 2790/ton, the purchase price of Shougang Shuigang's heavy scrap steel is RMB 2,600/ton, and the purchase price of Kunming Steel's heavy scrap is RMB 2,710/ton.