Summary of today's scrap market
Affected by the switch between the old and new national standards of rebar, the thread spot is difficult to improve in the short term, into August, domestic electric furnace steel mills have announced maintenance or shutdown to digest the old standard thread inventory on the market, the demand for scrap steel will decline significantly in the short term, bearish scrap prices, and it is expected that today's scrap steel is still mainly weak operation
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Statistics on the arrival of scrap steel in Zhangjiagang on August 2: 22,700 tons were unloaded in Zhangjiagang yesterday, an increase of 1,600 tons from the previous day; There are about 71 scrap steel ships at the wharf this morning (-14 compared with last morning), and about 189 vehicles (-67 compared with yesterday morning)
On August 2, the national scrap steel was narrow and weak, and the price decline areas were distributed in many places across the country, with a decline of 10-50 yuan/ton; The price increase area is mainly in North China, Northwest and other individual steel mills, with an increase of 10-40 yuan. Recently, steel enterprises around the country have stopped production and reduced production, the demand for scrap steel has declined, coke has been lowered again, the cost performance of molten iron has risen, and scrap steel has been under pressure; In the high temperature off-season, it is difficult to release the demand for finished products, and the effect of production reduction is difficult to reflect in a short time, and the expectation is not good; The macro good news pulled up the market, and the snail stopped falling and picked up recently.
On the whole, the current demand for scrap steel is average, and compared with the decline in the cost performance of molten iron, steel companies have many losses, the profit margin for the raw material side is limited, and the scrap support is general.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: Today's local scrap steel is stable. At present, the mainstream transaction price of steel enterprises: 6 thick steel sheets 2440-2490, 6 heavy waste 2430-2480, 2-4 shear 2290-2340, shavings 2220-2320, organic pig iron 2360-2410. Today, the scrap of 26 sample steel mills in Jiangsu reached about 75,500 tons, an increase of about 00,100 tons from the previous working day and an increase of about 0.1% from the previous working day. With the disk to stop falling and turn red, the market wait-and-see is strong, coupled with the weather is more high, the site processing efficiency is low, the overall supply of scrap in the market is general, and some prices have no advantage in the arrival of steel companies began to fall, but with the decline of coke, the molten iron price ratio is better than that of scrap, and the current profit margin of steel enterprises is low or loss, scrap support is still weak, and it is expected that the short-term local scrap will maintain a weak and stable trend.
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Shandong: Yesterday, the arrival of steel mills in the province compared with the previous day has not changed significantly, and it is still at a low level, according to statistics, 23 steel mills in the province arrived a total of about 14,600 tons yesterday, a decrease of 00,400 tons from yesterday. Today, Thai Iron and Steel fell 45, after adjusting heavy scrap 2655, scrap (steel bar head I) 2655, Lu Li fell 30, new material 1 2790, new material 2680. At this stage, the scrap consumption of steel mills is at a low level, and the supply and demand are weak. At present, there is still room for coke to decline, and most of the base merchants maintain low inventory operation, and the overall market situation is sluggish. Today's snail opening shocks, the market is unstable, and it is expected that short-term scrap steel will still be stable and weak.
Fujian: Today, local scrap steel is running steadily and weakly. Sanbao fell 30, Dadonghai fell 30, Dingsheng fell 20, and the mainstream transaction prices of steel mills: steel sheet 6 thickness 2430-2610, heavy waste 6 thickness 2420-2530, steel bar pelletizing 2490-2570, cold rolled material 2430-2510. The scrap of 17 sample steel mills in Fujian Province reached 39,000 tons, an increase of 00,200 tons from the previous month. The snail is volatile operation, the steel enterprises in the province have slightly lowered the purchase price, and the local freight yard is bearish on the market outlook, mostly based on shipments, and the arrival of goods is offset by daily consumption. However, the inventory of steel mills is acceptable, and the price difference of iron scrap is small, the profits of steel mills are still in a state of loss, and in the case of weak supply and demand, scrap support is limited, and short-term local scrap will continue to operate weakly and steadily.
Shanghai: The local scrap steel is now stable and wait-and-see, and the main material types are 2390-2470 for steel plates and abrasives, 2300-2350 for cold-rolled materials, 2350-2400 for silicon steel sheets, 2450-2500 for steel pellets, 2350-2400 for baled steel bars, 2330-2380 for heavy waste, 2050-2150 for shavings, and 1930-1980 for color steel tiles. The supply and demand of scrap steel are weak in the off-season, coupled with the profit loss of steel enterprises, molten iron is more cost-effective than scrap, the enthusiasm for scrap is not high, and the short-term support is weak.
Jiangxi: Today, local scrap steel is running steadily. The mainstream transaction prices of some steel mills: 2380 for excellent weight, 2340 for 5-6 heavy waste, 2340 for shear, 2110 for shavings, and 2170 for crushed material, excluding tax, for reference only. Today, about 12,000 tons of scrap steel from 7 sample steel mills in Jiangxi arrived, which was basically the same as the previous working day. After concentrated shipments in the early stage, market resources are tight again, and social inventory is at a low level. However, considering the current poor efficiency of steel enterprises and the general decline in scrap consumption, under the current weak pattern of supply and demand, it is expected that scrap prices will hardly improve, and will continue to be weak and stable.
Anhui: Today, the local scrap steel is running steadily, Yangtze River Iron and Steel fell 30, and Wuhu Fuxin fell 30-40. At present, the local mainstream factory price: steel sheet 2410-2460, heavy waste 2280-2330, shear 2060-2110. A total of 14 sample steel mills in Anhui Province received 19,900 tons of scrap per day, an increase of 00,400 tons from the previous working day. In the off-season, the market continues to be in a state of weak supply and demand, and the support of scrap steel is insufficient. In addition, the cost of molten iron continues to decline, and the enthusiasm of steel companies to use scrap is declining.
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Zhejiang: Today, the local scrap steel is mainly running steadily. Taozhuang scrap: hot and cold rolled 2340-2360, silicon steel sheet 2410-2420, plate edge 2400-2450, steel head 2340-2390, white galvanized 2280-2300, steel planer 2040-2090, yesterday 5 sample steel mills in Zhejiang Province scrap arrival of 10,900 tons / day, a decrease of 00,400 tons from the previous period. The snail fluctuated and the peripheral steel enterprises were accompanied by price declines, which led to an increase in the loss of the site and the suspension of shipments by some merchants. The arrival of high-priced steel enterprises in the province is acceptable, but under the influence of the new and old standard threads and tax reform events, the market cost may increase, and the possibility of continuing to reduce prices is not ruled out.
【North China】
Hebei: Today's local scrap steel is stable, of which Jingye fell 10, CEFC fell 20, Taihang fell 20, etc. At present, the mainstream transaction price in Tangshan is 2620-2640 for weight, 2650-2700 for flower iron briquetting, and 2700-2730 for steel bar cutting heads, excluding tax. At present, 74,100 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, an increase of 6,400 tons from the previous period. Yesterday, the arrival of individual steel mills in the province has increased significantly, mainly due to the accumulation of inventory in recent days, but the overall arrival is still lower than the daily consumption, and the supply and demand side of scrap steel has a certain support, but the current trend is poor, and there is no support point for scrap steel price increases.
Tianjin: Today's Tianjin scrap steel prices are stable, Tiangang United Steel Bar Briquetting 2495, Ronggang Heavy A2530, Tianjin 3 sample steel enterprises arrived 0.36 tons yesterday, a decrease of 00,400 tons from the previous working day. Recently, the rainy weather is frequent, the base processing and receiving are difficult, the supply of scrap resources remains tight, the finished steel market trend is still tepid, and the scrap price is difficult to support, so it is expected that the weak consolidation operation will continue in the short term.
Shanxi: The price of scrap steel in the market is mainly stable, and the purchase price of the mainstream material type of the existing Shanxi steel mills: steel bar pelletizing 2560-2630, 10 heavy waste 2540-2590, 10 thick scraps, 2600-2650, steel briquetting 2460-2510, 1.8 specific gravity crushed material 2340-2400. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 8,200 tons/day, a decrease of 00,200 tons/day from the previous period. This period of snails held red shocks, the province rose and fell 20, Gaoyi rose 20, and the steel mills and bases were adjusted as needed. At present, the daily consumption of local scrap steel has declined to a certain extent compared with last week, and coke is still declining, the cost performance of molten iron has risen, and the support of scrap steel is general.
Inner Mongolia: 6 heavy waste 2300-2370, 8-12 heavy waste 2400-2440, 3-5 thick material 2150-2170. Today, steel mills in Inner Mongolia Province received 6,000 tons of scrap steel, the same as yesterday. At present, the scrap steel in the province is in a relatively weak situation of supply and demand, and the steel mills in the province may continue to wait and see the follow-up trend in the future, and individual steel mills adjust the scrap price in a narrow range according to their own production conditions.
【Tohoku Region】
The three eastern provinces: the main stable operation of scrap steel in the region today, plate armor 2430-2480, heavy scrap 2300-2450, 31 sample steel mills in the three northeastern provinces of 13,900 tons of scrap steel arrived, an increase of 00,200 tons from the previous month, the current snail has bottomed out, today's finished product transaction has improved slightly, although the scrap market resources are scarce, the base is difficult to receive, but the steel mills for scrap procurement enthusiasm is still deviation, or mainly because of the high cost of steel mill profits and scrap steel, need to wait for the finished product transaction to improve, or steel mill profits to increase, scrap steel may have a rebound hope, is expected to continue to maintain stable operation in the short term.
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【Northwest Territories】
Northwest: Today, the scrap market in Northwest China is mainly stable and weak. Ningxia Iron and Steel fell 20, and the market price reference in Lanzhou was selected: steel bar pelletizing 2350-2370; Heavy waste 6 thick wool 2230-2260; Pig iron 2210-2230; light and thin wool 2040-2060; Front and rear axles 2290-2310. Today, the scrap of 14 sample steel mills in Northwest China arrived about 8,200 tons, a decrease of 00,300 tons from the previous working day. Due to the poor local prices, the willingness to ship is still low, and steel companies rely on self-production and inventory to maintain production. At present, the loss situation of steel enterprises has not improved significantly, and the price of scrap steel is not high.
【Central China】
Hubei: Since yesterday, the local market has been stable, and individual steel mills have risen slightly. At present, there seem to be signs of a pullback at the macro level, the market wait-and-see sentiment is strong, and the arrival of some steel mills has been declining day after day, so it can only rise slightly. However, considering that the actual transaction of finished products is average, the operation of steel mills is relatively cautious, and it is predicted that short-term changes will not be large, and more adjustments are made as needed. A total of 16 sample steel mills in Hubei Province received 20,400 tons of scrap per day, a decrease of 2,100 tons from the previous work. At present, the mainstream market price of steel bar pelletizing is 2400-2480 yuan/ton, 6-10 thick steel plate qualified material is 2260-2360 yuan/ton high, 6-10 thick and heavy waste qualified material is 2210-2310 yuan/ton, 10 thick heavy waste qualified material is 2310-2360, 6-10 thick and heavy waste wool is 2160-2260, all cold and hot rolled white iron is 2260-2360 yuan/ton, and 2-4 thick shear material is 2040-2090 yuan/ton. The steel bar lump is 2240-2290 yuan/ton, for reference only.
Hunan: Since yesterday, local steel mills have been running weakly, and Xianggang has fallen 100-180. At present, the mainstream transaction price in Hunan market: heavy scrap 6 thick 2250-2300, steel bar head 2370-2420, machine pig iron 2190-2240. A total of 4 sample steel mills in Hunan Province received 14,400 tons of scrap per day, a decrease of 00,500 tons from the previous working day. The disk was shocked, some steel mills in the province cut prices sharply, and some bases also received goods at lower prices, and the market panic was stronger, and merchants accelerated the speed of shipments, and the arrival of goods increased slightly. At present, it is in the off-season of finished products, steel mills are losing money, and in the face of weak supply and demand, it is expected that the short-term local scrap steel will continue to be weak and stable.
Henan: Today, the local scrap steel is stable and the operation is adjusted, and Anyang Xinpu fell 20. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2310-2360 yuan/ton, and heavy waste 6 thick 2210-2260 yuan/ton, excluding tax. A total of 16 sample steel mills in Henan Province received 12,320 tons per day, a decrease of 00,110 tons from the previous working day. The steel mills in the province received the goods at a low price, and the market mentality was mostly in a pessimistic state, and the overall arrival has been low. In addition, it is currently in the off-season of finished products, some steel mills in the province have stopped furnace maintenance, and the demand for scrap steel has decreased. Therefore, it is recommended that merchants enter and exit quickly, and it is expected that local scrap will operate weakly and steadily in the short term.
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【South China】
Guangdong: Local scrap is running steadily. At present, the mainstream of ordinary punching in Zhongshan is 2220-2270 (Xiaolan pure cold sheet 2320-2370), die steel 2370-2420, ordinary punching mainstream in Foshan is 2220-2270, pure cold plate is 2300-2350, silicon steel sheet is 2280-2330, steel bar head is 2280-2380, and 6 heavy waste (wool) is 2230-2280. At present, 60,800 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, a decrease of 7,300 tons from the previous working day. Affected by yesterday's snail holding red, the market is looking forward to the rise of the mentality, coupled with the lack of market resources, the base is more difficult to receive, and the shipment speed has slowed down, so the arrival of steel mills has decreased slightly. Considering that the overall consumption of steel mills this week has decreased compared with last week, and the demand for finished products has not improved, the profits of steel mills are still in a state of loss, and under the current situation of weak supply and demand, the support for scrap steel price increases is temporarily weak, so it is expected that local scrap steel will operate steadily and volatile in a short period of time.
Guangxi: Today, Japan's local steel stabilized and fell in the middle, of which Guifeng fell 10. Liuzhou's scrap steel market is temporarily stable: 2040-2090 for punching edge material, 2320-2370 for hot and cold rolling, 2270-2320 for metal punching (including galvanizing), 2320-2370 for pure automobile sheets, 2420-2470 for steel particles, 2350-2400 for steel briquetting, 2200-2280 for heavy waste, 2270-2320 for large molds, 2320-2370 for small molds, and 2260-2310 for pig iron cast steel. 27,300 tons of scrap steel from 14 sample steel mills in Guangxi Province arrived, an increase of 00,800 tons from yesterday. With the continuous reduction of steel mill output, the inventory is slowly declining, the market supply and demand have improved, and at present, it is rainy in many places in Guangxi, the output of scrap steel is less, the market is generally difficult to receive, and the base inventory is less, which has a certain support for scrap prices. However, considering that the current demand side has not improved, there is still a round of coke reduction, and the molten iron is more cost-effective, although the snail has rebounded slightly under the speculation of interest rate cuts, it has not yet affected scrap steel, and it is expected that the short-term scrap price will fluctuate in a narrow range.
【Southwest China】
Yungui: Today, local scrap steel is stable and weak. The price of finished products in the region continued to move downward, and the transaction was not smooth, the steel mill continued to reduce the price of scrap steel in a state of loss, and the market panicked due to falling prices, some began to actively ship, the arrival of electric furnace plants increased slightly, but the overall inventory decreased, under the support of demand, it is difficult for short-term scrap to fluctuate significantly, and it is mainly based on demand in more stability. Among the 13 sample steel mills in Yunnan-Guizhou today, 13,300 tons of scrap arrived yesterday, an increase of 2,000 tons from the previous working day. The mainstream reference price is 2450-2500 yuan/ton for Yunnan steel bar pelletizing, and 2300-2350 yuan/ton for high-quality corner materials; Guizhou steel bar pelletizing is 2320-2370 yuan/ton, and pig iron heavy waste is 2230-2270, and the price of good materials is high.
Sichuan and Chongqing: Today, the overall operation of Sichuan and Chongqing scrap steel is stable. At present, the transaction price of mainstream steel mills: pig iron 2180; 2180-2210; steel particles 2260-2290; crushed material, light material 1880-1930; The specific price is based on the actual local situation. According to today's market research, 19 sample steel mills in Sichuan and Chongqing arrived 27,500 tons, an increase of 1,900 tons from the previous month. Today's disk is volatile, and steel mills stop falling and wait and see. At present, the Sichuan-Chongqing region is still dominated by rainy weather, the market production and waste production are low, and the base inventory is at a low level, which supports scrap prices to a certain extent. The spot performance of finished products is weak, the situation of continuous profit losses of steel mills is difficult to change, and the situation of weak supply and demand is still continuing. It is estimated that the local scrap price will be mainly stable and stable, and the individual will be adjusted in a narrow range according to demand.
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Overseas scrap prices and information on August 2
1. Turkey scrap: The imported scrap index fell, buyers preferred cheap billets, and the outlook for scrap was bearish
Turkey's imported scrap index is on a downward trend, imported scrap negotiations are progressing slowly, and no new ocean deals have been heard. Turkey steel mills postponed purchases due to the sharp drop in billet import prices, scrap prices continued to rise, and stagnant demand for rebar in domestic and export markets. In terms of supplier sentiment, despite the bearish overall picture, the deal was completed at a largely stable price, and participants need to keep an eye on the market in the coming weeks. The price of United States origin HMS (80:20) bulk scrap is $388/mt CFR. Turkey steelmakers have bought Chinese billets at a record $482-485/mt CFR price in 2024, and a steel mill in Izmir has bought 50,000 mt of billets for delivery in mid-October. Turkey mills expect 500,000 tonnes of Chinese and Southeast Asian billets to arrive in September and October, equivalent to about 16 ships of ocean-going scrap. Ocean scrap purchases in August were down 15% compared to July, due to billet supply and seasonality.