Summary of today's scrap market
Yesterday, the national scrap steel was stable and narrow. Yesterday, the domestic scrap steel stabilized slightly stronger, about 10% of the steel mills raised the price of scrap steel, the range was concentrated in about 20, iron ore, coke rose slightly to push up the cost of molten iron, good for scrap; However, at present, the snail scrap difference is less than 700, and the long-process steel mills have also fallen into losses, and it is still relatively difficult for scrap to continue to rise
Statistics on the arrival of scrap steel in Zhangjiagang on June 28: 15,700 tons were unloaded in Zhangjiagang yesterday, a decrease of 2,000 tons from the previous day; This morning, there are about 16 scrap steel ships at the wharf (-8 compared with yesterday morning), and about 111 vehicles (-36 compared with yesterday morning).
On June 28, the national scrap was mixed. The price increase is mainly distributed in Jiangsu, Guangxi, Guangdong, Chongqing, Sichuan, Shanxi, Gansu and other regions, with an increase of 20-50; The price drop is mainly distributed in Hebei, Guizhou and other regions, with a decline of 10-30. The sales of finished products in the off-season are not smooth, the production enthusiasm of steel enterprises is not high, and there are many production reduction actions; Some areas are affected by rainy weather, and the transportation of scrap steel is restricted; Upstream waste production has decreased, and scrap resources are tight as a whole.
(A mini program has been added here, please go to the Toutiao client to view)
On the whole, the performance of terminal demand is flat, the production enthusiasm of steel mills is difficult to improve, and scrap steel is under pressure as a raw material. However, considering the tight sustainability of scrap resources, many steel companies are currently unable to meet the daily consumption, so it is expected that the short-term scrap prices may stop falling and stabilize under the weak supply and demand pattern.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: 6 thick steel sheets 2580-2630, 6 heavy waste 2570-2620, 2-4 shearing 2430-2480, shavings 2380-2450, machine pig iron 2530-2580. Today, about 73,700 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, a decrease of about 2,900 tons from the previous working day and a decrease of about 3.8% from the previous working day. The overall arrival of steel mills continued to decline slightly, and individual daily demand was no longer enough, but the disk rose and fell, and the sales of finished products in the off-season were not smooth, and the profits were limited, and steel companies were still cautious and wait-and-see; At present, supply and demand are weak, and the fluctuation of scrap is expected to be limited.
Shandong: Today's scrap steel prices in the province are mainly stable, of which Thai steel fell 25-30, after the adjustment (steel bar head I) 2805, (chongdou) 2805, heavy scrap 2805, other steel mills temporarily stable. At present, the main stream of Zhengjia 2 thick and above is 2680, the main stream of powder plate galvanized flower material is 2430-2450, the thickness of Zhengjia cold plate is 2660-2670 and above 1, and the thickness of cold plate 1 is 2670-2680. Yesterday, the arrival of steel mills in the province changed little from the previous day. The snail is weak, coupled with the sluggish transaction of finished products, the steel mill is in a dilemma, and it is mostly adjusted slightly according to its own situation. It is expected that the status quo will be maintained in the short term, and it is difficult to make major changes.
Fujian: Today, the local scrap steel is stable and the operation is adjusted. Shunchang Hongfeng fell 20. The mainstream transaction price of steel mills: steel sheet 6 thickness 2580-2760, heavy waste 6 thickness 2560-2680, steel bar pelletizing 2660-2760, cold rolled material 2550-2680. The scrap of 17 sample steel mills in Fujian Province increased to 31,700 tons, a decrease of 6,900 tons from the previous month. As the snail waste gap continues to shrink, the profits of local electric furnace enterprises are not good, the enthusiasm for production has declined, and some steel enterprises plan to stop furnace maintenance, and the enthusiasm of steel enterprises to use waste is low. Considering that the province's production of scrap has declined significantly, scrap steel has temporary support. In the case of weak supply and demand, it is expected that in the short term, local steel enterprises will adjust their operations in a narrow range according to their own arrivals.
(A mini program has been added here, please go to the Toutiao client to view)
Shanghai: The main stable operation of local scrap steel, the main material type: steel plate, abrasive 2530-2630, cold-rolled material 2430-2480, silicon steel sheet 2530-2580, steel pelletizing 2580-2630, baled steel bar 2460-2510, heavy waste 2480-2530, shavings 2160-2260, color steel tile 2030-2080. At present, the profits of steel enterprises are not good, the sales of finished products are not smooth, and the upward trend of scrap steel is weak.
Jiangxi: Today, local scrap steel is running steadily. The mainstream transaction prices of some steel mills: 2605 for excellent weight, 2600 for 5-6 heavy waste, 2430-2580 for shear, 2390 for shavings, and 2470 for crushed material, excluding tax, for reference only. Today, about 21,700 tons of scrap steel arrived from 7 sample steel mills in Jiangxi, a decrease of 1,200 tons from yesterday. In recent days, the disk and finished products have risen, and the market expectation has been improved, so the shipment speed has slowed down, and the arrival of steel companies has decreased slightly. In addition, the slight rise in iron ore and coke has pushed up the cost of molten iron, which is good for scrap, and it is expected that local scrap will be adjusted in a stable and narrow range in the short term.
Anhui: The local scrap steel is running steadily, and the local mainstream factory prices are: steel sheet 2530-2580, heavy scrap 2420-2470, and shear 2200-2250. A total of 14 sample steel mills in Anhui Province received 28,800 tons of scrap per day, which was basically the same as the previous working day. The performance of terminal demand is flat, and it is difficult to improve the production enthusiasm of steel mills. However, considering the continuous and tight nature of scrap resources, it is difficult for prices to continue to decline in the short term, and it is expected that local scrap will continue to operate steadily.
Zhejiang: Today, the local scrap steel is mainly running steadily. Taozhuang scrap: hot and cold rolled 2460-2480, silicon steel sheet 2530-2540, plate edge 2510-2560, steel head 2460-2510, white galvanized 2400-2420, steel planer 2160-2210. Yesterday, the scrap arrival volume of five sample steel mills in Zhejiang Province was 13,900 tons/day, a decrease of 00,500 tons/day from the previous period. In this period, the snail is green and downward, the billet is weak and stable, and the steel enterprises in the province and the surrounding areas are still wait-and-see, and there is no obvious adjustment for the time being. At present, the profits of steel enterprises are low, and the transaction of finished materials is not good, and the willingness of factories to raise prices is low.
(A mini program has been added here, please go to the Toutiao client to view)
【North China】
Hebei: Today's local scrap steel owners are stable and weak, of which China Railway fell 10, vertical and horizontal fell 10, Xindonghai fell 10, and Tang Yin fell 10. At present, the mainstream transaction prices in Tangshan are: heavy A2730-2750, flower iron briquetting 2760-2790, steel sheet 2780-2800, and steel bar cutting head 2800-2820. At present, 103,900 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, an increase of about 2,800 tons from yesterday. Today's disk is green and volatile, and individual steel mills in Tangshan area are affected by this slight price drop to test the water, stimulating the shipment of upstream bases, but the current base shipment willingness is still not strong, the overall arrival is still less than the daily consumption, and the supply and demand side of scrap prices are temporarily supported, but considering the instability of finished steel trading, if the price of finished products continues to fall, scrap steel still has the possibility of a slight decline, and it is expected that the short-term scrap steel will be mainly stable and adjustable.
Tianjin: Today's Tianjin scrap prices are stable, Tiangang United Steel Briquetting 2723, Ronggang Heavy A2660, Tianjin 3 sample steel enterprises arrived 4,000 tons yesterday, a decrease of 00,300 tons from the previous working day. The futures and spot market has limited upside, the terminal transaction performance is flat, the steel price is tepid, and the local scrap supply and demand are weak, and the rise and fall of steel mills are limited, so it is expected that the short-term scrap will continue to stabilize.
Shanxi: Today's market scrap steel prices are mainly stable, Jin Ye rose 50, the existing Shanxi steel mill mainstream material type purchase price: steel pelletizing 2720-2760, 10 heavy waste 2640-2690, 10 thick scraps 2720-2770, steel briquetting 2600-2640, 1.8 specific gravity crushed material 2470-2500. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 12,300 tons/day, a decrease of 1,900 tons/day from the previous period. The futures and cash are sluggish, the transaction is sluggish, the market mentality is pessimistic, and the operation enthusiasm is average. The sales of finished products in Jinnei are poor, the loss of steel enterprises has not improved, the production momentum of steel enterprises has declined, and the support of scrap steel has weakened, and it is expected that local scrap steel will still operate weakly and steadily in the short term.
Inner Mongolia: The local market is running steadily. 6. Heavy waste 2430-2500, 8-12 heavy waste 2500-2600, 3-5 thick material 2200-2280. Today, the arrival of scrap steel from steel mills in Inner Mongolia Province was 6,779 tons, an increase of 00,900 tons from yesterday. The snail trend is volatile, the situation is unknown, yesterday the arrival of the province is not as good as the daily consumption of steel mills, in order to ensure the arrival, a narrow range of scrap prices, after the increase in scrap prices, the arrival of steel mills has improved slightly, superimposed in the off-season background, the performance of finished steel may be difficult to further improve, if the follow-up trend of finished steel is weakened again, steel mill profits are under pressure, at that time do not rule out the possibility of further suppressing scrap after the steel mill replenishes the scrap inventory, it is expected that the short-term scrap steel main stability, individual steel mills need to adjust in a narrow range.
(A mini program has been added here, please go to the Toutiao client to view)
【Tohoku Region】
The three eastern provinces: the main stable operation of scrap steel in the region today, Liaoyang plate armor 2570-2630, heavy scrap 2550-2600, 31 sample steel mills in the three northeastern provinces of scrap steel arrived 17,100 tons, a decrease of 00,800 tons from the previous month. Due to yesterday's peripheral market prices have risen, the arrival of local steel mills has decreased slightly, the overall is still at a high level, and even individual steel mills have a pressure situation, in the short term, most of the steel mills are also maintaining a wait-and-see situation, coupled with the high fall of the screw rush, the willingness of steel mills to rise is not strong, and even more steel mills may continue to decline, it is expected that short-term scrap steel will continue to maintain a stable trend, and individual steel mills will be adjusted slightly according to their own conditions.
(A mini program has been added here, please go to the Toutiao client to view)
【Northwest Territories】
Northwest: Today, the scrap steel market in Northwest China is mainly stable. Ningxia Iron and Steel rose 20, Lanxin rose 30, and the market price reference in Lanzhou was selected: steel bar pelletizing 2420-2440; Heavy waste 6 thick wool 2300-2330; Machine-cast iron 2280-2300; light and thin wool 2110-2130; Front and rear axles 2360-2380. Today, about 16,200 tons of scrap steel arrived in 14 sample steel mills in Northwest China, an increase of 00,500 tons from the previous working day. With the recent slight increase in steel enterprises in the province, some businesses have grasped the price increase market and actively shipped goods, and maintained low inventory operation. Because the finished steel market is still in the off-season of consumption, the efficiency of steel enterprises is not good, and after a round of coke increases, profits are further compressed, and the price of scrap steel is afraid of insufficient momentum.
【Central China】
Hubei: Since yesterday, there has been little local change. At present, the market feedback scrap resources are still tight, which has some support for scrap prices. However, given the average cost performance, short-term changes are not expected to be significant. A total of 16 sample steel mills in Hubei Province received 26,300 tons of scrap per day, a decrease of 00,700 tons from the previous work. At present, the mainstream market price of steel bar pelletizing is 2600-2680 yuan/ton, 6-10 thick steel plate qualified material is 2460-2560 yuan/ton high, 6-10 thick and heavy waste qualified material is 2410-2510 yuan/ton, 10 thick heavy waste qualified material is 2510-2560, 6-10 thick and heavy waste wool is 2360-2460, all cold and hot rolled white iron is 2450-2550 yuan/ton, and 2-4 thick shear material is 2240-2290 yuan/ton. The steel bar lump is 2440-2490 yuan/ton, for reference only.
Hunan: Since yesterday, local steel mills have been running steadily. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2330-2380, steel bar head 2480-2530, organic pig iron 2300-2350. A total of 4 sample steel mills in Hunan Province received 15,300 tons of scrap per day, an increase of 1,500 tons from the previous working day. In the past two days, the disk has repeatedly jumped, and the market is still mainly wait-and-see, although the arrival of steel mills has increased slightly, but some are still less than the daily consumption. Under the influence of the off-season effect, the profits of steel enterprises are low, coupled with the heavy rain, the support of scrap steel is weak. Therefore, it is expected that local scrap will remain stable in the short term, with individual adjustments as needed.
(A mini program has been added here, please go to the Toutiao client to view)
Henan: Today, local scrap is running weakly. Yongxing fell 20. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2530-2580 yuan/ton, and heavy waste 6 thick is 2430-2480 yuan/ton, excluding tax. A total of 16 sample steel mills in Henan Province received 15,580 tons per day, a decrease of 0,215 tons from the previous working day. Today's market is running green, and the market has a strong wait-and-see mentality. In the off-season, there is a shortage of production and waste, the site is not well received, and some steel enterprises in the province have stopped collecting, resulting in a slight decrease in the arrival of goods in the region. However, the arrival of goods in the province is still less than the daily consumption demand, which is 01,470 tons worse than the daily consumption. Scrap prices are temporarily supported, and it is expected that local scrap owners will stabilize and adjust as needed in the short term.
【South China】
Guangdong: Today's local scrap steel is stable and in the middle of the operation, of which Shaogang fell 10, Yangchun Yangchun rose 20, and Jin Shenglan rose 20. At present, the mainstream of ordinary punching in Zhongshan is 2290-2340 (Xiaolan pure cold sheet 2390-2440), die steel 2450-2500, the mainstream of ordinary punching in Foshan is 2290-2340, pure cold plate is 2370-2420, silicon steel sheet is 2360-2410, steel bar head is 2360-2460, and 6 heavy waste (wool) is 2310-2360. At present, 46,200 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, a decrease of 00,900 tons from the previous month. Due to the recent ups and downs, the market's expectation of rising psychology has been improved, individual bases have hoarding behavior, and the shipment speed has slowed down slightly, so the overall arrival of steel mills has also decreased slightly. However, considering that it is currently in the off-season, the finished products are tired, and the profit losses of steel mills are more, so it is expected that the local scrap steel will still be mostly wait-and-see in a short period of time, and individual adjustments will be made as needed.
Guangxi: Today's local scrap steel rose steadily, of which Gui Xin rose 20. At present, the scrap steel market in Liuzhou is stable, including 2160-2210 punching edge material, 2490-2540 hot and cold rolling, 2440-2490 metal punching (including galvanizing), 2490-2540 pure automobile sheet, 2560-2610 steel particles, 2500-2550 steel briquetting, 2330-2430 heavy waste, and 2400-2450 large molds. The 14 sample steel mills in Guangxi Province received 20,500 tons of scrap steel, a decrease of 1,900 tons from the previous month. Under the off-season effect, the production of waste is reduced, the base is difficult to receive, the procurement of scrap steel begins to be upside down, the business mentality is pessimistic, the willingness to ship at a loss is not strong, and the arrival of steel enterprises is not good, and most of the inventory is consumed. Considering that the arrival of steel enterprises is not in a hurry, but profits limit the upside, it is expected that the short-term rise and fall dilemma, and the market is mostly stable and wait-and-see.
(A mini program has been added here, please go to the Toutiao client to view)
【Southwest China】
Yungui: Today, the local scrap steel owners are stable and weak. The disk is green, the market mentality is unstable, but the field resources are tight, shipments are limited, the arrival of steel mills does not change, the arrival of some electric furnaces remains low, and the demand side has certain support, but considering the current production loss, it is difficult to absorb goods by rising prices, and most of the people who temporarily maintain a wait-and-see attitude are expected to operate in the short-term scrap steel maintenance mode. Today, 13 sample steel mills in Yunnan-Guizhou area arrived 17,500 tons of scrap yesterday, an increase of 1,400 tons from the previous job. The mainstream reference price is 2600-2640 yuan/ton for Yunnan steel bar pelletizing, and 2460-2510 yuan/ton for high-quality corner materials; Guizhou steel bar pelletizing is 2480-2580 yuan/ton, and pig iron heavy waste is 2440-2480, with high prices for good materials.
Sichuan and Chongqing: Sichuan and Chongqing scrap steel main stable operation. Mainstream transaction prices in Sichuan: pig iron 2410, steel particles 2460-2500, excellent and heavy waste 2380-2440, medium waste 2330-2380, light material 2040-2240, specific inspection, for reference only. According to today's survey, the arrival of scrap steel from 19 sample steel mills in Sichuan and Chongqing was 31,500 tons, a decrease of 1,100 tons from the previous period. The disk is green, the market sentiment turns to wait and see, the weather continues to affect the production of waste, the current situation of resource shortage is temporarily difficult to change, the factories actively receive goods to ensure production, and the demand for raw materials is temporarily supported, but the performance of finished products is poor, inhibiting the upward movement of scrap steel, and it is expected that the short term will fluctuate in a narrow range according to its own production situation.
(A mini program has been added here, please go to the Toutiao client to view)
June 28 Overseas Scrap Prices and Information
1. South Korea scrap: Korea Steel and YK Steel will reduce the purchase price of scrap by 7 US dollars / ton
Major South Korean steel mills such as Korea Steel and YK Steel plan to cut scrap prices by 10,000 won ($7/mt) from July 2, 2024. Previously, Korea Steel and Korea Special Steel and Hyundai Steel lowered the purchase price of scrap by 10,000 won ($7/mt) from June 27, 2024 and July 1, 2024, respectively.
(A mini program has been added here, please go to the Toutiao client to view)
2. Turkish scrap: steel mills returned to the market, and the import price rose by $4/ton
The Turkish imported scrap market was buoyant in bookings in the last week of June as Turkish producers returned to the market to secure scrap for July shipment. According to the supplier, there were no transactions in Turkey during the 10-day holiday. But as steel mills still needed 8-10 shipments of scrap for July shipments, they quickly returned to the market. Despite rising scrap prices, rebar prices in both Turkey's domestic and export markets have softened due to weak demand, dampening hopes for a strong recovery in imported scrap prices. Some steelmakers said scrap suppliers had raised prices due to rising freight rates. The main reason for the increase is an increase in freight rates of $4-5/mt, with a target price of about $393/mt for US-origin HMS (80:20) CFR.