Department of Information and Statistics, China Scrap Steel Application Association

Last week, the domestic scrap steel market continued to strengthen, and transactions were more active, driving business sentiment to improve, steel mills' purchasing enthusiasm has increased, and production demand has increased slightly.Compared with the previous week, the average purchase price of scrap steel from key steel companies increased by 116 yuan/ton for heavy-duty scrap steel, 107 yuan/ton for medium-sized scrap steel, and 130 yuan/ton for integrated scrap steel.

Last week, the futures market was highly volatile and scrap steel prices were strong.As the profits of steel mills continue to be repaired, some steel mills have resumed production one after another, and the demand for scrap steel has gradually increased.The purchase price of scrap steel from low-inventory steel mills began to rise. Although the arrival of steel after the price increase has improved to a certain extent, the supply of scrap steel in the market is tight, and merchants are in a strong mood to cherish sales and look forward to the increase. The arrival volume of some steel mills is still less than the daily consumption level, and they still need to continue to consume part of the pre-inventory.Recently, the finished material futures market has fluctuated widely, the market has a strong wait-and-see sentiment, and the scrap steel price increase momentum has weakened. It is expected that the scrap steel market will operate in a narrow range in the short term.

The scrap steel market in East China is operating steadily and strongly, and the stocks of steel mills are mostly at medium and low levels, and the enthusiasm for scrap steel procurement has increased.The purchase price of Nangang heavy-duty scrap steel is 2,630 yuan/ton, an increase of 100 yuan/ton; the purchase price of Shagang heavy-duty scrap steel is 2,830 yuan/ton, an increase of 100 yuan/ton; the purchase price of Xingcheng Special Steel heavy-duty scrap steel is 2,770 yuan/ton, an increase of 100 yuan/ton; the purchase price of Ma Gang heavy-duty scrap steel is 2,600 yuan/ton, an increase of 100 yuan/ton; Tongling Fuxin suspended the purchase of scrap steel; the bidding price of Shagang Lai Steel rebar cutting head is 3,230 yuan/ton, an increase of 130 yuan/ton; Xiwang Metal's fine heavy-duty scrap purchase price was 3,160 yuan/ton, an increase of 270 yuan/ton; Ningbo Iron and Steel's heavy-duty scrap purchase base price in August was 2,656 yuan/ton, a decrease of 200 yuan/ton.

The scrap steel market in Central China is strong first and then weak. The market is unstable, the base stocks are small, and the steel mills are not willing to use scrap steel. The situation of supply and demand is still weak.The purchase price of Angang heavy-duty scrap steel is 2,820 yuan/ton; the purchase price of Wugang heavy-duty scrap steel is 3,150 yuan/ton, an increase of 150 yuan/ton; the purchase price of Hunan Iron and Steel Henggang first-class qualified materials is 2,480 yuan/ton, an increase of 150 yuan/ton; the purchase price of Wugang low-sulfur briquetting scrap steel is 3,100 yuan/ton, an increase of 350 yuan/ton.

Scrap steel prices in South China have generally risen, merchants are looking forward to rising and cherishing sales, and steel mills have low inventories, so they have increased their purchases, but the arrival situation is still not ideal.The purchase price of Sangang Minguang heavy-duty scrap steel was 3,060 yuan/ton, an increase of 250 yuan/ton; the cash delivery price of Shaogang heavy-duty second-class scrap steel was 2,800 yuan/ton, an increase of 200 yuan/ton.

The scrap steel market in the southwest region is operating strongly, and steel mills are more motivated to produce, but the daily arrival volume of some steel mills cannot meet the consumption, and most of the inventory is at a low level.The price of heavy-duty steel scrap excluding tax is 2,900 yuan/ton, an increase of 90 yuan/ton; Kungang has not yet purchased scrap steel.

Scrap steel prices in the Northwest region have risen narrowly, market resources are tight, transactions are general, merchants are looking forward to rising sentiment, and shipments are relatively slow.The purchase price of Xining Special Steel medium-sized first-qualified material is 3,200 yuan/ton, an increase of 100 yuan/ton; Jiugang has not purchased scrap steel yet.

The scrap steel market in Northeast China has become more volatile, with fewer market resources and few merchants receiving goods. The operation is “fast forward and fast out", and the demand for steel mills is general.The purchase price of Linggang heavy-duty scrap steel is 3,000 yuan/ton, an increase of 200 yuan/ton; the purchase price of Jianlong Xigang (Yichun Area) heavy-duty scrap steel is 2,950 yuan/ton; the purchase price of Ansteel heavy-duty scrap steel is 2,973 yuan/ton; the purchase price of Fushun Special Steel heavy-duty scrap steel is 3,000 yuan/ton.

Scrap steel prices in North China rose first and then suppressed. Merchants were afraid of falling shipments. The volume of steel mills increased slightly, and consumption rebounded slightly.The purchase price of heavy-duty second-class scrap steel for Tianjin Steel Pipe is 3,250 yuan/ton, an increase of 200 yuan/ton; the purchase price of heavy-duty second-class scrap steel for Shougang Qiangang is 3,080 yuan/ton, an increase of 200 yuan/ton; the purchase price of heavy-duty second-class scrap steel for Baosteel is 3,025 yuan/ton.