Steel scrap prices decline in eastern China

Tuesday, 26 September 2017 14:12:26 (GMT+3)   |   Shanghai
       

During the week ending September 26, steel scrap prices in the Chinese market have seen declines in some regions, while remaining stable in other regions. Transaction activity in the overall market has been at low-to-medium levels. Average scrap prices in China’s main markets are presented in the following table.

During the given week, scrap prices in eastern China have declined amid plentiful supply, while in other regions scrap prices have mostly indicated a stable trend. Recently, rebar futures prices and semi-finished steel prices in China have decreased sharply, exerting a negative impact on the scrap market. It is thought that scrap prices in the Chinese domestic market will continue their downward trend in the coming week because demand will be slacker due to the approach of the National Day Holiday (October 1-8) .

Product Name

Spec.

Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

HMS scrap

> 6 mm

Tianjin

1,785

269

0

Liupanshui

1,555

235

0

Zhangjiagang

1,930

291

↓95

Handan

1,830

276

↓10

Nanchang

1,840

278

0

Anyang

1,795

271

0

Jinan

1,950

294

↓20

Average

1,812

273

↓18

 

All prices are ex-warehouse and include 17 percent VAT. 

$1 = RMB 6.63


Similar articles

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News