DAILY: South-central China Scrap Price Stable, Supply-demand Standoff Continues Prices of scrap remained broadly stable in South-central China on Monday. 6-10mm HMS stayed at 2650-2700 yuan/t in Henan; 2630-2680 yuan/t in Hubei and Hunan; 2660-2710 in Guangdong. According to SteelHome survey, traders were inactive in low-price sales. In addition, the large consumption supported the price to perform sturdily in these areas. Currently, the supply-demand standoff continues. SteelHome considers that scrap price may keep stable in the short run by and large. Link: Market price of Wuhan Scrap on Sep 28,20 Link: Market price of Henan Scrap on Sep 28,20 Link: Market price of Guangdong Scrap on Sep 28,20
DAILY: East China Scrap Price Broadly Stable, Eye on Peak Steel Order Season Prices of scrap remained broadly stable in East China on Thursday, but up by 30 yuan/t in some areas. 6-10mm HMS stays at 2730-2780 yuan/t in Jiangsu; at 2760-2810 yuan/t in Shandong; at 2730-2780 yuan/t in Fujian; up 30 yuan/t to 2730-2780 yuan/t in Anhui. Currently, traders are optimistic about the further market developments as the rebar futures price and semis price rose lately. Meanwhile, September is the peak sales period for steel products in China. According to SteelHome survey, the volume of scrap arrivals at some Chinese steel mills decreased from the week before. SteelHome considers that prices of scrap may edge up amid fluctuations in the short run. Link: Market price of Jiangsu Scrap on Sep 3,20 Link: Market price of Anhui Scrap on Sep 3,20 Link: Market price of Fujian Scrap on Sep 3,20 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
SteelHome Express: East China Scrap Price Broadly Stable on Thursday Prices of scrap remain broadly stable in East China on Thursday. 6-10mm HMS stays at 2730-2780 yuan/t in Jiangsu; at 2760-2810 yuan/t in Shandong; at 2730-2780 yuan/t in Fujian; at 2700-2750 yuan/t in Anhui. Scrap suppliers are active in sales due to the dropped rebar futures price lately. With the tight supplies, prices of scrap may observe rangebound movements in the near term. Link: Market price of Anhui Scrap on Aug 27,20 Link: Market price of Jiangsu Scrap on Aug 27,20 Link: Market price of Shandong Scrap on Aug 27,20
SteelHome Express: East China Scrap Price Broadly Stable on Monday Prices of scrap remain broadly stable in East China, but rise in some provinces on Monday. 6-10mm HMS stays at 2700-2750 yuan/t in Jiangsu; up 30 yuan/t to 2760-2810 yuan/t in Shandong; up 2730-2780 yuan/t in Fujian; at 2670-2720 yuan/t in Anhui. Currently, scrap traders await the price to rise as the steel price increased last week. At the week, some steel mills raised the procurement price for scrap products. SteelHome considers that prices of scrap may remain at current high levels, and to rise in some provinces where the price has not come to high levels. Link: Market price of Anhui Scrap on Aug 24,20 Link: Market price of Jiangsu Scrap on Aug 24,20 Link: Market price of Shandong Scrap on Aug 24,20
SteelHome Express: East China Scrap Price Roughly Stable on Monday Prices of scrap remain broadly stable in East China on Monday. 6-10mm HMS stays at 2680-2730 yuan/t in Jiangsu; 2700-2750 yuan/t in Shandong; 2680-2730 yuan/t in Fujian; 2670-2720 yuan/t in Anhui. Several local steel makers have lowered the procurement price by 20-30 yuan/t as the futures price for rebar and steel price start dropping. The overall supply is tight amid the hot days. SteelHome considers that prices of scrap may remain stable in the near term. Link: Market price of Jiangsu Scrap on Aug 10,20 Link: Market price of Anhui Scrap on Aug 10,20 Link: Market price of Shandong Scrap on Aug 10,20 Link: Market price of Fujian Scrap on Aug 10,20
SteelHome Express: East China Scrap Price Roughly Stable on Active Shipping Operations from Supplier Prices of scrap remain roughly flat in East China on Monday. 6-10mm HMS stays at 2630-2680 yuan/t in Jiangsu; 2620-2670 yuan/t in Shandong; 2600-2650 yuan/t in Fujian; 2600-2650 yuan/t in Anhui. Affected by slack steel sales during the heavy rainfalls in Southern China, some steelmakers have lowered scrap procurement price by 20-50 yuan/t. Meanwhile, scrap shipments from suppliers have increased. SteelHome considers that East Chinaâ??s scrap price may drop in the short run. Link: Market price of Anhui Scrap on Jul 6,20 Link: Market price of Fujian Scrap on Jul 6,20 Link: Market price of Shandong Scrap on Jul 6,20 Link: Market price of Jiangsu Scrap on Jul 6,20 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
SteelHome Express: Southwest China Scrap Price Stable amid Slender Margins in Mini-mills Prices of scrap remain roughly flat in Southwest China on Wednesday. In Chongqing, 6-10mm HMS stays at 2620-2670 yuan/t; 2640-2690 yuan/t in Sichuan; 2620-2670 yuan/t in Guizhou; 2620-2670 yuan/t in Yunnan. Currently, scrap suppliers await further market directions amid the uncertainties on the steel price. With slender margins, most mini-mills are inactive in raising scrap procurement price. Therefore, SteelHome considers that prices of scrap may keep stable in the short run. Link: Market price of Chongqing Scrap on Jun 10,20 Link: Market price of Yunnan Scrap on Jun 10,20 Link: Market price of Guizhou Scrap on Jun 10,20 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
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Steel Home Express: East China Scrap Price Broadly Stable on Monday Prices of scrap remain roughly stable in East China on Monday. 6-10mm HMS stays at 2680-2730 yuan/t in Jiangsu; 2700-2750 yuan/t in Shandong; 2680-2730 yuan/t in Fujian; 2670-2720 yuan/t in Anhui. Market participants are optimistic about the further market developments amid rising steel price lately. In order to fulfill procurements, some steel mills have raised the price. Therefore, SteelHome considers that prices of scrap may rise by 20-30 yuan/t in the short run. Link: Market price of Anhui Scrap on Aug 17,20 Link: Market price of Jiangsu Scrap on Aug 17,20
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