During the given week, Chinese steelmakers have been less willing to purchase scrap, resulting in declines in scrap prices. Meanwhile, the ongoing rebound of iron ore prices has not yet had any significant positive impact on prices of semi-finished steel and finished steel. Bearish sentiment prevails in the scrap market at present. It is expected that scrap prices in the Chinese domestic market will move on a slight downtrend in the coming week.
Product Name |
Spec. |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
HMS scrap |
> 6 mm |
Tianjin |
1,600 |
258 |
0 |
Liupanshui |
1,630 |
263 |
0 |
||
Zhangjiagang |
1,560 |
252 |
↓20 |
||
Handan |
1,600 |
258 |
0 |
||
Nanchang |
1,520 |
245 |
↓40 |
||
Anyang |
1,550 |
250 |
↓50 |
||
Jinan |
1,570 |
253 |
↓30 |
||
Average |
1,576 |
254 |
↓20 |
All prices include 17 percent VAT and all prices are ex-warehouse.
$1 = RMB 6.21