Information and Statistics Department of China Scrap Steel Application Association
Last week, the domestic scrap steel market was first strong and then weak. The base actively shipped to avoid risks, and steel enterprises generally increased their arrival. Some steel enterprises took the opportunity to reduce the purchase price of scrap steel. Compared with the previous week, the average purchase price of scrap steel for key steel enterprises increased by 20 yuan/ton for heavy scrap steel, 16 yuan/ton for medium scrap steel, and 13 yuan/ton for unified scrap steel.
Recently, the bankruptcies of banks in Silicon Valley in the United States have continued to ferment, causing panic in the financial market. The high domestic steel prices have come under pressure, affecting the price of scrap steel. The consumption of scrap steel by steel enterprises has not changed significantly, but the arrival volume has hit a recent high, and the overall inventory has moved upward, which has reduced the purchasing willingness of some steel enterprises. After the price of scrap steel has risen, it has quickly fallen back. With the decrease in the purchase price of scrap steel by steel enterprises, businesses are increasingly worried about the future market. In order to avoid losses, the base actively shipped goods, strictly controlled the arrival quantity, and maintained a low inventory level. It is expected that the domestic scrap steel market will undergo a weak adjustment in the short term.
In East China, the price of scrap steel rose first and then fell, and the base processing was relatively active, with shipments and funds being withdrawn in succession. The purchase price of heavy scrap steel at Nangang is 3190 yuan/ton, with an increase of 40 yuan/ton. The purchase price of heavy scrap steel at Shagang is 3290 yuan/ton, with an increase of 30 yuan/ton; The purchase price of heavy scrap steel at Xingcheng Special Steel is 3240 yuan/ton, and the purchase price of heavy scrap steel at Ma Steel is 3040 yuan/ton, with an increase of 80 yuan/ton. The purchase price of heavy scrap steel at Tongling Fuyi is 3270 yuan/ton, with a decrease of 30 yuan/ton. The bidding price of steel bar pressing at Shan Steel Laigang is 3420 yuan/ton, with an increase of 50 yuan/ton. The tax-free price of Xiwang Metal’s primary crushing material is 2880 yuan/ton; Ningbo Iron and Steel March Heavy Scrap Purchase Base Price
Is 2995 yuan/ton. In Central China, the price of scrap steel has steadily increased, the market transaction atmosphere is good, the shipment speed of merchants has accelerated, and the arrival of steel enterprises continues to increase. The purchase price of heavy scrap steel at Anyang Steel is 3310 yuan/ton, with an increase of 30 yuan/ton. The purchase price of heavy scrap steel at Wugang is 3410 yuan/ton. The purchase price of heavy scrap steel at Hunan Iron and Steel Henggang is 2960 yuan/ton, with an increase of 30 yuan/ton. The purchase price of low sulfur briquette scrap steel at Wugang is 3350 yuan/ton.
The price of scrap steel in South China has been adjusted in a narrow range, and the market situation has undergone significant changes. Merchants are cautious in their operations. The purchase price of Sangang Bouyguang Heavy Scrap Steel is 3250 yuan/ton; The arrived price of heavy type II scrap steel excluding tax at Shaoguan Iron and Steel Co., Ltd. is 2950 yuan/ton, down by 50 yuan/ton.
The scrap steel market in the southwest region operated weakly and steadily, and the arrival of steel enterprises at the beginning of last week was poor, creating a strong bullish market atmosphere. In the middle of last week, affected by the decline in finished product prices, businesses were active in shipping, and steel companies were in a good position to deliver goods. The price of heavy scrap steel excluding tax at Chongqing Iron and Steel Co., Ltd. is 2930 yuan/ton; The purchase price of heavy scrap steel at Kunming Iron and Steel Co., Ltd. is 3220 yuan/ton.
The scrap steel market in the northwest region is temporarily stable in operation, with relatively sufficient market resources, normal base receipt, and acceptable steel enterprise arrival. The purchase price of medium qualified materials at Xining Special Steel is 3230 yuan/ton, and the price of Jiuquan Steel’s medium scrap steel excluding tax is 2850 yuan
The scrap steel market in the northeast region is operating steadily and weakly, with steel enterprises’ overall arrival condition being good and inventory levels being moderate. The purchase price of heavy scrap steel at Linggang is 3260 yuan/ton: the purchase price of heavy scrap steel at Jianlong Xigang (Yichun area) is 3170 yuan/ton: the purchase price of heavy scrap steel at Angang is 3401 yuan/ton: the purchase price of heavy scrap steel at Fushun Special Steel is 3360 yuan/ton
In North China, the price of scrap steel rose before it was suppressed, and merchants accelerated their shipment speed. The daily arrival volume of steel enterprises exceeded their consumption, resulting in inventory growth. The purchase price of Tianjin Steel Pipe Heavy Scrap is 3240 yuan/ton; the purchase price of Shougang Khan Steel Heavy Scrap is 3400 yuan/ton, with an increase of 50 yuan/ton; the purchase price of Baotou Steel Heavy Scrap II is 3444 yuan/ton, with an increase of 56 yuan/ton; the price of Hegang Shi Steel Heavy Scrap excluding tax is 3043 yuan/ton, with a decrease of 9 yuan/ton.
Post time: Mar-24-2023