Last week, the domestic scrap steel market was weak, and the market resources were in short supply. The merchants had a strong wait-and-see mood, the enthusiasm of steel mills to purchase was weak, and the inventory remained low. Compared with the previous week, the average purchase price of scrap steel by key steel enterprises is reduced by 24 yuan/ton for heavy-duty scrap, 23 yuan/ton for medium-sized scrap, and 22 yuan/ton for general scrap.
Last week, the price of future snails continued to decline, the spot price plummeted, and the price of finished products fell far more than scrap, resulting in a narrowing of the price difference between snail and scrap, causing losses in some electric arc furnace steel mills, more active maintenance and production reductions, and a decline in overall scrap consumption. Scrap prices rose. Considering the current shortage of resources in the scrap steel market, the inventory of steel mills and scrap steel processing bases is generally low, the confidence of merchants is frustrated, and the willingness to recycle is not strong.
The scrap steel market in East China fluctuated within a narrow range, the base was difficult to receive goods, and the inventory was generally not high. The purchase price of Nangang's heavy scrap steel is 3,800 yuan/ton; the purchase price of Shagang's heavy-duty scrap is 3,980 yuan/ton; the purchase price of Xingcheng Special Steel's heavy-duty scrap is 3,960 yuan/ton, down 80 yuan/ton; the purchase price of Masteel's heavy-duty scrap is 3830 yuan / ton, down 50 yuan / ton; Tongling Fuxin heavy scrap steel purchase price is 3980 yuan / ton; Shandong Steel Laigang steel bar cutting head bidding price is 4090 yuan / ton, down 110 yuan / ton; Xiwang Metal Boutique Heavy Duty The purchase price of scrap steel is 3,987 yuan/ton; the base price of Ningbo Steel's heavy-duty steel scrap purchase in May is 3,797 yuan/ton.
Scrap prices in central China are temporarily stable, market resources are few, and merchants are generally less motivated to ship, so be cautious. The purchase price of Angang's heavy-duty scrap steel is 3,910 yuan/ton; the purchase price of Wugang's heavy-duty scrap is 4,090 yuan/ton; the purchase price of Hunan Iron and Steel's first-class qualified material is 3,490 yuan/ton; the purchase price of Wuhan Iron and Steel's low-sulfur briquettes scrap is 4,050 yuan/ton Yuan / ton.
The scrap steel market in South China continued to weaken, with poor arrivals from steel mills and generally low inventories. The purchase price of Sangang Minguang heavy-duty scrap is 3,860 yuan/ton;
Scrap prices in the southwest region fell slightly. After the price of scrap fell, some scrap processing bases stopped receiving them. Businesses were more cautious. The steel mills did not have enough scrap to reach daily consumption, and their inventories were mostly at a low level. The heavy-duty No. 1 scrap of Chongqing Iron and Steel Co., Ltd. is 3,480 yuan/ton without tax, down by 30 yuan/ton;
The mainstream of the scrap steel market in the northwest region is running steadily, the demand for finished products has not improved, the market sentiment is pessimistic, and the scrap steel arrivals of steel mills are relatively small. The purchase price of Xining Special Steel's medium-sized first-qualified material is 3,690 yuan/ton; the price of JISCO's medium-sized scrap excluding tax is 3,370 yuan/ton.
The scrap steel market in Northeast China is running steadily and weakly. At present, some scrap steel processing enterprises are still in a state of shutdown, the market transaction volume is low, the steel mills are on the verge of profit and loss, and the amount of scrap steel used has decreased. The purchase price of Linggang's heavy scrap steel is 3,890 yuan/ton, down by 40 yuan/ton; the purchase price of Angang's heavy-duty scrap is 3,952 yuan/ton; the purchase price of Jianlong Xigang (Yichun area) heavy scrap is 3,580 yuan/ton, down 50 yuan. Yuan/ton; Fushun Special Steel's heavy-duty third-class scrap purchase price is 3,830 yuan/ton.
The scrap steel market in North China is running weakly, the price of finished products fluctuates and falls, the profit of steel mills has narrowed, the willingness to purchase scrap steel is low, and the purchase price has been lowered many times. Tianjin Steel Pipe’s purchase price of heavy-duty second-class scrap is 3,890 yuan/ton, down 100 yuan/ton; Shougang Qiangang’s heavy-duty scrap purchase price is 4,060 yuan/ton, down 50 yuan/ton; Taigang’s heavy-duty scrap purchase price is 3,800 yuan/ton ; Baotou Steel's purchase price of heavy-duty second-class scrap is 4,203 yuan / ton.
