Average scrap prices in the Chinese domestic market have seen slight rises compared to the prices recorded on September 17, against the backdrop of stable sales.
Average domestic HMS scrap prices in China are at RMB 2,214/mt ex-warehouse, edging up by RMB 9/mt on average compared to the previous week, according to SteelOrbis’ information.
Average scrap prices in China’s main markets are presented in the following table.
| Product name | Specification | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Weekly change ($/mt) |
HMS |
> 6 mm | Tianjin | 2,245 | 315.9 | 0 | -0.1 |
| Liupanshui,Guizhou | 2,085 | 293.4 | +20 | +2.7 | ||
| Nanchang,Jiangxi | 2,150 | 302.6 | 0 | -0.1 | ||
| Handan,Hebei | 2,320 | 326.5 | +10 | +1.3 | ||
| Anyang,Henan | 2,285 | 321.6 | +20 | +2.7 | ||
| Zhangjiagang,Jiangsu | 2,205 | 310.3 | +15 | +2.0 | ||
| Jinan,Shandong | 2,205 | 310.3 | 0 | -0.1 | ||
| Average | 2,214 | 311.5 | +9 | +1.2 | ||
| Note: Prices include 3 percent VAT as of March 1 2022. | ||||||
During the given week, scrap prices in the Chinese domestic market have moved up slightly. On September 22, the Ministry of Industry and Information Technology (MIIT) of China and other departments jointly released the Work Plan for Stabilizing Growth in the Steel Industry (2025-2026), setting the steel sector’s average annual value-added output growth target at about four percent for the next two years. On September 24, six departments, including MIIT, jointly released the Work Plan for Ensuring Stabilizing Growth in the Construction-Materials Sector (2025–2026). The work plans in question have bolstered sentiments in the ferrous metals market.
Meanwhile, since the National Day holiday (October 1-8) is approaching, stock replenishments will provide solid support for scrap prices. Scrap prices in the Chinese domestic market are expected to indicate further small rises in the coming week.
$1 = RMB 7.1077
