Summary of today's scrap market
Yesterday, the national scrap steel stabilized. Today, 2 have risen and 1 has declined. There is heavy precipitation in many places over the weekend, the processing efficiency of some sites is reduced, the transportation is blocked, and the circulation of market resources is not smooth, resulting in a slight decline in the arrival of individual steel enterprises.
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Statistics on the arrival of scrap steel in Zhangjiagang on July 1: 13,000 tons were unloaded in Zhangjiagang yesterday, a decrease of 800 tons from the previous day; There are about 30 scrap steel ships at the wharf this morning (+19 compared with yesterday morning), and about 90 vehicles (-23 compared with yesterday morning)
On July 1, the national scrap steel main stable tone. The price increase steel mills are distributed in Jiangsu, Zhejiang, Anhui, Hebei and other provinces, with an increase of 10-40 yuan/ton; The falling steel mills are distributed in Shaanxi, Hebei, Liaoning, Jilin and other places, with a decline of 20-30 yuan/ton. The red shock of the snail has moved upward; The profitability of steel mills is not good, and the pressure on procurement costs is still large; In the seasonal off-season, the market is in short supply of scrap wool resources.
On the whole, at this stage, there is a large volume of low-level transactions of finished products, and the bottom of the price mentality is supported, but the profitability of steel enterprises is low and some of them are losing money, so although the market resources are in short supply and the inventory is low, it is difficult to say that it has entered the rising channel, and the scrap market may continue to remain stable in the short term.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: Today, local scrap steel is running steadily. 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 66,500 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, a decrease of about 7,200 tons from the previous working day and a decrease of about 9.7% from the previous working day. At present, market resources are still tight, the weather is hot and rainy, the site scrap processing is reduced, and the scrap steel is temporarily supported. The snail disk began to hold a red upward trend, and the market mentality stabilized. With the decrease in the arrival of individual steel mills, there began to be a small increase in operations. Considering that the profits of steel mills are still not ideal, the transaction is weak, and it is difficult for scrap prices to rise sharply, it is expected that the local scrap steel will operate steadily in the short term, and individual adjustments will be made as needed.
Shandong: Today's scrap steel in the province is mainly running steadily, Zhengjia 2 thick or more flower material mainstream 2640-2660, powder plate galvanized flower material mainstream 2430-2450, Zhengjia cold plate 1 thickness above 2650-2660, cold plate 1 thickness below 2670-2680 According to statistics, 23 steel mills in the province yesterday arrived a total of 25,300 tons, an increase of 1,500 tons from the previous day. During the weekend, steel mills arrived well, basically meeting the daily consumption of production, and the recent widespread rainfall may affect the purchase, processing and transportation of scrap steel to a certain extent, and the tightening of supply is conducive to supporting scrap prices, and it is expected that scrap steel will maintain stable transition operation in the short term.
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Fujian: Today, local scrap steel is running steadily. 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 37,200 tons, a decrease of 5,500 tons from the previous month. This period of snails are red, so far over the weekend, affected by high temperatures, the circulation of market resources has been reduced, the arrival of steel enterprises in the province is less than the daily consumption needs, and the price of scrap steel is temporarily supported. In the case of weak supply and demand, it is not ruled out that there is a possibility of falling prices in the later period, and it is expected that in the short term, local scrap steel will be adjusted in a narrow range according to its own situation.
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, affected by the off-season, the profits of steel enterprises are low, and some steel companies have plans to reduce production in July, demand declined, scrap support weakened, and it is expected that in the short term, the province will be scrap steel more stable and stable.
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 18,500 tons of scrap steel arrived from 7 sample steel mills in Jiangxi, a decrease of 3,200 tons from last week. At present, the rainfall in Jiangxi has caused serious water accumulation, which affects transportation; In addition, the production of some electric furnace plants has been reduced, and the demand for scrap steel may be reduced to a certain extent, so the arrival volume has also declined. In the off-season, the sales of finished products are not smooth, profits are limited, and steel companies are still cautious and wait-and-see. In the case of weak supply and demand, the fluctuation of scrap is limited, and it is expected that local scrap will be mainly adjusted in a narrow range according to its own situation.
Anhui: Today's local scrap steel is mainly stable and operational, Guihang Phase II rose 30, and the current local mainstream factory price: steel sheet 2530-2580, heavy waste 2420-2470, shear 2200-2250. A total of 14 sample steel mills in Anhui Province received 23,100 tons of scrap per day, a decrease of 5,700 tons from the previous working day. Affected by the continuous rainy weather, the circulation of scrap steel in the market is limited, the resources in the province have been greatly reduced, and many steel enterprises have arrived to meet the daily consumption. In order to ensure daily production, scrap prices are temporarily supported in the short term, and it is expected that the local market will continue to rise.
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 arrival of scrap steel from five sample steel mills in Zhejiang Province was 13,100 tons/day, a decrease of 00,800 tons/day from the previous period. In this period, the snail is red, the billet is temporarily stable, and some steel companies in the province and the surrounding areas are pulling up and absorbing goods. At present, the profits of the mills are low, and the surrounding provinces have plans to reduce production in a large area in July, and the demand for scrap steel will decline, and the subsequent increase will be limited.
【North China】
Hebei: Today's local scrap steel main stable tone: Yangang rose 10, Anfeng rose 10, and coil mills fell 20. 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, 106,600 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, an increase of about 2,700 tons from yesterday. Over the weekend, due to the poor transaction of finished products, the price declined, steel mills took the opportunity to reduce the price of scrap, a decline of about 20 yuan, some steel mills have risen, today's disk is red shock, but it is difficult to usher in the price increase market in the short term, but due to the shortage of resources, the scrap market also has a certain support, so the short-term scrap steel is mainly weak and stable.
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Tianjin: Today's Tianjin scrap steel prices are stable, Tiangang United Steel Briquetting 2723, Ronggang Heavy A2660, Tianjin 3 sample steel enterprises arrived yesterday 05,000 tons, an increase of 1,000 tons from the previous working day. Over the weekend, there was an increase in the arrival of local and surrounding leading manufacturers, but the willingness of base merchants to sell was not strong, and the trend of finished products fluctuated, scrap still had support, so it is expected that local scrap steel will remain stable and wait-and-see operation.
Shanxi: Today's market scrap prices are mainly stable, and the purchase price of mainstream materials in Shanxi steel mills is: steel bar 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 13,200 tons/day, an increase of 00,700 tons/day from the previous period. The snail turned red, the market reluctance to sell mentality is obvious, the arrival of steel enterprises is not good, so far over the weekend, steel enterprises in Jinnan area have risen significantly due to grabbing goods, but the increase is limited by profit losses, and the increase is mostly concentrated in about 20 yuan / ton, considering that the inventory of steel enterprises in Jinnai is low, and more according to the current amount of scrap purchased, it is expected that the short-term local scrap steel home low steel enterprises to make up for the main operation.
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 7,029 tons, an increase of 0,250 tons from yesterday. Although ready-made materials and billets are still accumulating, but considering that the Third Plenary Session is imminent, it is not excluded that the possibility of screw going to a better expectation in the early stage of the superimposed steel mills still has a certain demand for scrap, so the price of scrap in the province in the short term still has some support, and it is expected that the scrap steel in the province will be stable in the short term.
【Tohoku Region】
The three eastern provinces: the main scrap steel in the region is running steadily today, with 2570-2630 in Liaoyang plate armor and 2550-2600 in heavy scrap, and 15,600 tons of scrap steel from 31 sample steel mills in the three northeastern provinces, a decrease of 1,500 tons from the previous month. Due to the rapid sell-off in the early stage, and the market delivery enthusiasm is not good after the price drop, after the recent market has picked up, the base is difficult to receive, and the shipping speed has begun to slow down, considering that the current finished product is difficult to have an upward trend, so the steel mill will not excessively pull up the replenishment, and the arrival of the overall is still enough for the daily consumption, so the scrap price will continue to maintain a stable trend for the time being, and it is expected that the short-term scrap main stable adjustment.
【Northwest Territories】
Northwest: Today, the Northwest scrap steel market is mainly stable and operational, and West Steel rose 50 yuan. Select the market price reference in Lanzhou: 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 14,500 tons of scrap steel from 14 sample steel mills in Northwest China arrived, a decrease of 1,700 tons from the previous working day. The futures and presents have improved slightly, retail investors are reluctant to sell, the arrival of bases and steel mills has declined significantly, and the price of low steel enterprises has risen, but because the finished steel market is still in the off-season of consumption, the efficiency of steel enterprises is not good, the profit status is still not optimistic, and the rebound momentum of scrap steel prices is insufficient.
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【Central China】
Hubei: So far, individual local steel mills have risen. At present, the heavy rain in many places in Hubei has a great impact on the output and processing of scrap steel, and the arrival of local steel mills has decreased significantly, and some out-of-stock steel mills have tentatively pulled up. However, considering the poor performance of finished products, it is predicted that short-term changes will not be large, and more adjustments will be made as needed. A total of 16 sample steel mills in Hubei Province received 20,200 tons of scrap per day, a decrease of 6,100 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: So far over the weekend, 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 15,500 tons of scrap per day, an increase of 00,200 tons from the previous working day. There is strong rainy weather in many places on weekends, and the circulation of market resources is not smooth, and the arrival of some enterprises is still insufficient for daily consumption. And under the influence of the off-season, the profits of steel enterprises are limited, and they are cautious in more operations and adjust on-demand procurement; It is expected that the short-term local scrap will be adjusted in a narrow range according to its own situation.
Henan: Local scrap has been running strongly so far over the weekend. The material type of Asia and New Zealand rose 10-20. 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 received 15,310 tons per day, a decrease of 00,270 tons from the previous working day. In this issue, the snail is running in red, the market is looking forward to the rise of the mentality, and the merchants are more than able to cover the goods. Due to the continuous rainy weather, road traffic in the province has been blocked, and the transportation of scrap steel has been restricted. Therefore, the arrival of goods in the province decreased slightly. At present, it is difficult to improve the transaction of finished products, steel mills are mostly loss-making, and steel mills have reduced their enthusiasm for scrap procurement, and they have maintained a cautious attitude and mainly purchased on demand. It is expected that in the short term, local scrap owners will be stable and adjusted individually as needed.
【South China】
Guangdong: Today's local scrap steel is stable and rising, of which Yueyufeng part rose 10. 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, 51,400 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, an increase of 5,500 tons from the previous month. From last Friday to the weekend, some steel companies generally raised prices in order to absorb goods, and most of the superimposed bases were not optimistic about the later market, and the shipment speed accelerated slightly, so the arrival of steel mills increased during the weekend; However, due to the lack of local resources, the current overall arrival has not yet met the daily consumption; However, considering that the profits of steel mills are currently in a state of loss, it is expected that local scrap steel will be mostly wait-and-see in the short term, and individual adjustments will be made as needed.
Guangxi: Today's local scrap steel rose steadily, of which Yongda rose 10-40. 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. Scrap steel from 14 sample steel mills in Guangxi Province arrived at 20,900 tons, an increase of 00,400 tons month-on-month. Since last Friday, some local steel companies have risen in a narrow range due to poor arrivals, and waste production in the off-season has continued to decrease, and the base has been upside down to receive goods, but demand is still sluggish. Under the premise that the effect of destocking is not ideal, scrap steel has not yet come to a reversal, and it is expected that short-term shocks will be the majority, and individual out-of-stock steel companies will rise slightly.
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【Southwest China】
Yungui: Today, the local scrap steel is running stably. At present, the market is in short supply of wool, and rainy weather affects the circulation and transportation of resources, the arrival of steel mills is declining, the inventory of some electric furnace plants is tight, scrap steel is temporarily supported, and the demand for finished products during the off-season is also poor. Today, 13 sample steel mills in Yunnan-Guizhou area arrived 15,600 tons of scrap yesterday, an increase of 3,300 tons from the previous work. 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 scrap arrival volume of 19 sample steel mills in Sichuan and Chongqing was 329,900 tons, a decrease of 1,600 tons from the previous period. The disk is red, the market sentiment has eased, but affected by the high temperature and rainy weather scrap output, upstream and downstream receiving difficulties, most steel companies arrive less than the daily consumption, scrap steel temporarily supported, but in the case of poor profits of steel mills, scrap steel upward is blocked, and it is expected that the short-term stability will be adjusted mainly on demand.
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Overseas scrap prices and information on July 1
Weekly Market Roundup: Global scrap prices edged higher except for India
Global scrap prices were mixed last week, with Indian buyers remaining moderately buoyant in importing scrap in South Asia, with bids from buyers and sellers mismatching, while domestic steelmakers sought cheaper metal alternatives to maintain the scrap vs. finished steel spread. The upcoming rainy season in major parts of India is also expected to affect scrap purchases in the short term, with high freight rates and quotations for pellets and sponges limiting scrap import prices, leading to a possible decline in container imports. Scrap prices in Pakistan and Bangladesh remained largely stable due to lower steel demand in Bangladesh and liquidity concerns in Pakistan. Turkish scrap imports from the US and Europe have risen by $4/mt as recyclers continue to buy scrap shipped in July, with a target price of around $393/mt CFR for US-origin HMS (80:20). On the other hand, Japan's H2 scrap export quotes rose due to the depreciation of the yen against the US dollar.