During the given week, steelmakers have stepped up their purchases in order to replenish their scrap inventories. Meanwhile, the finished steel market has indicated a relatively stable trend, contributing to the stability of scrap prices. As for the coming week, steelmakers' purchases for scrap will likely improve slightly, which will provide a certain degree of support for scrap prices. It is expected that scrap prices in the Chinese domestic market will move on a stable trend 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 |
262 |
0 |
||
Zhangjiagang |
1,550 |
250 |
↓10 |
||
Handan |
1,600 |
258 |
0 |
||
Nanchang |
1,520 |
245 |
0 |
||
Anyang |
1,550 |
250 |
0 |
||
Jinan |
1,550 |
250 |
↓20 |
||
Average |
1,571 |
253 |
↓4 |
All prices include 17 percent VAT and all prices are ex-warehouse.
$1 = RMB 6.21