Summary of today's scrap market
Last night, the disk continued to hold the red upward, the scrap steel market is running strongly, as the billet continues to rise, the profits of steel enterprises around the country have eased slightly, the willingness to produce has been strengthened, and the National Day holiday is approaching, some steel mills have the need to replenish the warehouse, the site is looking forward to the rise in goods, and the scrap steel supply exceeds demand in the short term, so it is expected that the scrap steel market will continue to run strongly.
(A mini program has been added here, please go to the Toutiao client to view)
Statistics on the arrival of scrap steel in Zhangjiagang on September 27: 12,300 tons were unloaded in Zhangjiagang yesterday, a decrease of 3,700 tons from the previous day; This morning, there are about 33 scrap steel ships at the wharf (-3 compared with yesterday morning), and about 126 vehicles (-4 compared with yesterday morning)
On September 27, the national scrap steel operation was strong. The price increase steel mills are all over the country, and the mainstream increase ranges from 20 to 50. Today, Shagang led the rise of 50, and many of them in East China and surrounding areas followed suit; The macro benefits are frequently increased, and the snail continues to strengthen; The finished products generally rose, and the transaction was acceptable, and the production enthusiasm of steel mills increased; Approaching the National Day holiday, some steel mills have replenishment needs; The second round of coke has been raised and landed, and the cost performance of molten iron has decreased.
On the whole, driven by the macro favorable policies, the futures and presents have risen, the fundamentals of finished products continue to improve, the market bullish sentiment is high, the willingness to ship is reduced, and the overall arrival volume has declined significantly, and near the National Day holiday, steel mills have more replenishment needs, in addition to coke has three rounds of increase plan, scrap cost performance will be further highlighted, and it is expected that the short-term scrap will be more strong operation.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: Today, local scrap is running strongly. At present, the mainstream transaction prices of steel enterprises: 2280-2330 for 6 thick steel sheets, 2260-2310 for 6 heavy waste, 2090-2140 for 2-4 shears, 2020-2100 for shavings, and 2240-2290 for organic pig iron. Today, 26 sample steel mills in Jiangsu region scrap to about 57,500 tons, a decrease of about 8,500 tons from the previous working day, the current snail by the macro policy boost, holding the red upward, the market bullish sentiment is stronger, coupled with the recent finished product transactions are acceptable, the production enthusiasm of steel mills has increased, the demand for scrap steel is strong, scrap prices have been supported, and it is expected that the short-term local scrap scrap main stable and strong operation.
(A mini program has been added here, please go to the Toutiao client to view)
Shandong: Since yesterday, the province's scrap steel has been running strongly, with an increase of 25-60, and the mainstream transaction price in the Shandong market is now 2300-2450 for steel sheet 6 thick, 2250-2380 for heavy scrap 6 thick, and 2350-2390 for steel bars. According to statistics, 23 steel mills in the province arrived a total of about 22,700 tons yesterday, an increase of 00,200 tons from yesterday. Today's disk is still red upward, businesses are looking forward to the rise of the mentality, there is a cover action, steel mills homeopathic price increases, the National Day is imminent, some steel companies are expected to replenish the warehouse, superimposed around the steel mills have risen to absorb goods, market resources are tight, scrap prices are temporarily supported, and it is expected that the short-term provincial scrap steel is stable and strong.
Fujian: Local scrap is running strongly. Sanbao rose 50, the new Wu Hang rose 40, and Shunchang Hongfeng rose 30. The mainstream transaction price of steel mills: steel sheet 6 thickness 2300-2450, heavy waste 6 thickness 2290-2410, steel bar pelletizing 2300-2450, cold rolled material 2200-2280. 29,700 tons of scrap steel arrived at 17 sample steel mills in Fujian Province, a decrease of 1,600 tons from the previous working day. After Shagang rose 50 yesterday, the market was looking forward to the rise, and the arrival volume of steel enterprises declined. Superimposed on the approaching holiday, the demand for steel enterprises to replenish the warehouse is still there, the price of scrap steel is still supported, and it is expected that the short-term local scrap steel will be stable and strong.
Shanghai: Today's local scrap steel rose 20-30, and the current mainstream material types: steel plates, abrasives 2220-2310, cold-rolled materials 2150-2200, silicon steel sheets 2200-2250, steel bar pelletizing 2280-2330, baled steel bars 2150-2200, heavy waste 2180-2230, shavings 1900-2000, color steel tiles 1730-1780. Today's shagang rose 50, coupled with the frequent favorable policies, the snail continues to strengthen, the market bullish sentiment is high, and close to the National Day holiday, the steel mill replenishment needs to be still there, and the finished product is much higher than scrap, scrap steel rally space still exists, is expected to be strong in the short term.
Jiangxi: Today, local scrap steel is running strongly. Fangda Special Steel rose 30-50, Ji'an Iron and Steel rose 30, Taixin rose 30, and other prices did not change for the time being. The mainstream transaction prices of some steel mills: 2250 for excellent weight, 2230 for 5-6 heavy waste, 2190 for shear, 1970 for shavings, and 1990 for crushed material, excluding tax, for reference only. Today, about 17,000 tons of scrap steel arrived from 7 sample steel mills in Jiangxi, an increase of 2,000 tons from last week. The disk fluctuated at a high level, and the billet continued to rise, which made the market mentality revitalize again and wait and see. Some steel companies said that today's arrivals fell sharply, and the receipts were less, so there was a move to pull up and absorb goods. In addition, there is still demand for production and replenishment, and the short-term supply is tight, and the scrap support is acceptable, and it is expected that the short-term local scrap will be stable and favored.
(A mini program has been added here, please go to the Toutiao client to view)
Anhui: Today's local scrap steel is running strongly, and the steel enterprises in the province have risen by 20-50, and the current mainstream transaction prices of steel enterprises are: steel sheet 2230-2330, heavy waste 2180-2280, and shear 2060-2160. A total of 14 sample steel mills in Anhui Province received 17,100 mt/day of scrap, an increase of 1,900 mt/day from the previous working day. After the early stage of pulling up and absorbing goods, the arrival of steel enterprises in the province has improved, but it is still less than expected, and the willingness of steel enterprises to replenish the warehouse has not decreased. Combined with today's shagang leading the rise of 50, the bullish sentiment in the scrap market is becoming stronger, and it is expected that the local scrap steel will maintain a strong market before the holiday.
Zhejiang: Today's local scrap steel is stable and strong, Yuanli rose 50, Yuxin and Huahong rose 30. Taozhuang scrap rose 10-50: cold and hot rolled 2170-2190, silicon steel sheet 2300-2310, plate edge 2250-2300, steel bar head 2180-2230, white galvanized 2110-2130, steel planer 1880-1930. Yesterday, the arrival of scrap steel from five sample steel mills in Zhejiang Province was 15,400 tons/day, a decrease of 1,900 tons from the previous period. Today, Shagang rose 50, and many local steel companies followed suit. At present, the snail continues to rise, coupled with the approaching holiday, the market is reluctant to sell, the arrival of steel mills continues to decrease, and scrap prices are also supported, and it is expected that local scrap will run better in the short term.
【North China】
Hebei: Today, Japan has risen in a narrow range, and mainstream steel mills have risen by about 30 yuan. At present, the mainstream transaction price in Tangshan is A2330-2360, 2370-2400 for flower iron briquetting, 2400-2440 for steel sheets, and 2410-2450 for steel bar cutting heads, excluding tax. At present, the scrap of 48 sample steel mills in Hebei Province has reached 74,600 tons, a decrease of 2,500 tons from the previous period. Yesterday, the province's steel mills rose in a narrow range, due to the continuous upward trend of the spot, the willingness to hoard goods in the upstream increased, and the arrival of major steel mills declined significantly, and the overall consumption yesterday was slightly lower than the daily consumption, to a certain extent, to support the price of scrap steel and the holiday is coming, some steel mills have the willingness to hoard, scrap still has room to rise, and it is expected that the short-term scrap steel will rise in a narrow range.
Tianjin: Today's Tianjin scrap steel prices are stable and strong, Tiangang United Steel Cutting Head 2500, Ronggang Heavy A2420, 3 sample steel enterprises in Tianjin arrived 3,600 tons yesterday, an increase of 00,500 tons from the previous working day. At present, the macro is frequent, the price of finished products and billets has been boosted, and the steel mills are actively scrap mining before the National Day holiday, and the scrap price support is obvious, and the short-term price is expected to remain stable and tend to run well.
(A mini program has been added here, please go to the Toutiao client to view)
Shanxi: The price of scrap steel in the province is strong, some steel enterprises have raised 10~50, and the purchase price of the mainstream material type of the existing Shanxi steel mills: steel bar pelletizing 2400-2480, 10 heavy waste 2320-2400, 10 thick scraps 2400-2460, steel briquetting 2270-2350, 1.8 specific gravity crushed material 2150-2200. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 17,700 tons/day, a decrease of 00,100 tons/day from the previous period. This period of snails continue to rise, billet upwards, market expectations are better, close to the holiday, the demand for replenishment is stronger, scrap support is better, it is expected that the price of scrap steel in Shanxi will be stable and strong in the near future.
Inner Mongolia: 6 heavy waste 1980-2080, 8-12 heavy waste 2100-2170, 3-5 thick general material 1950-2010. Today, the arrival of scrap steel from steel mills in Inner Mongolia Province was 8,100 tons, a decrease of 1,100 tons from the previous working day. The snail continues to be boosted by macro policies, shocks to the upside, peripheral steel mills continue to rise, merchants slow down the pace of shipments, hope that steel mills in the province can also raise the price of scrap steel, steel mills arrival declined, superimposed close to the National Day, do not rule out the province steel mills to ensure the arrival of goods in the festival, the possibility of raising scrap prices, is expected to be strong in the short term.
【Tohoku Region】
The three eastern provinces: the main stable operation of scrap steel in the region today, Liaoyang plate armor 2300-2350, heavy 2250-2300, 31 sample steel mills in the three northeastern provinces of 10,600 tons of scrap arrived, a decrease of 2,000 tons from the previous month, affected by the continuous promotion of the policy, the finished product and the snail market rose sharply, although the scrap steel has risen slightly, but the obvious increase is not as good as the range of finished products, scrap merchants are reluctant to sell sentiment, superimposed close to the National Day holiday, the market shipment speed is bound to decline, if the steel mills want to arrive in large quantities in the near future, they need to continue to rise to meet the daily consumption, and the short-term market is expected to continue to run strongly.
【Northwest Territories】
Northwest: Today, the scrap steel market in Northwest China is mainly stable. Ningxia Iron and Steel rose 30, Lanxin rose 20, and the market price reference in Lanzhou was selected: steel bar pelletizing 2230-2250; Heavy waste 6 thick wool 2110-2130; Pig iron 2100-2120; light and thin wool 1920-1940; Front and rear axles 2170-2190. Today, about 11,200 tons of scrap steel from 14 sample steel mills in Northwest China arrived, a decrease of 1,000 tons from the previous working day. The recent performance of the futures is good, the market is looking forward to the rise of sentiment, coupled with the National Day holiday is approaching, the demand for replenishment still exists, some steel companies in the region have risen one after another, but the effect is not good, the arrival is decreasing day by day, the current surrounding competition to absorb goods, the situation of tight resources, scrap prices are temporarily supported, and it is expected that the short-term local scrap steel main stable operation.
(A mini program has been added here, please go to the Toutiao client to view)
【Central China】
Hubei: Since yesterday, local steel mills have continued to rise by 30 yuan/ton. Since yesterday, the macro situation has continued to strengthen, especially the economic signals released after the Central Economic Conference, and the central bank cut the reserve requirement ratio again today, so that the snail continues to be red, and the scrap steel market is looking forward to the rise. Considering the significant decline in the arrival of steel mills and the upcoming National Day holiday, it is predicted that there is still a possibility of a rise in the short term. A total of 16 sample steel mills in Hubei Province received 18,600 tons of scrap per day, a decrease of 3,000 tons from the previous working day. At present, the mainstream market price of steel bar pelletizing is 2280-2330 yuan/ton, 6-10 thick steel plate qualified material is 2130-2230 yuan/ton high, 6-10 thick and heavy waste qualified material is 2080-2180 yuan/ton, 10 thick heavy waste qualified material is 2180-2230, 6-10 thick and heavy waste wool is 2030-2130, all cold and hot rolled white iron is 2130-2230 yuan/ton, and 2-4 thick shear material is 1910-1960 yuan/ton. Steel bar lump 2110-2160 yuan/ton, for reference only.
Hunan: Since yesterday, the local steel mills have been running steadily, and the cold steel has risen by 20. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2130-2180, steel bar head 2210-2260, machine pig iron 2030-2080. A total of 4 sample steel mills in Hunan Province received 15,600 tons of scrap per day, an increase of 3,200 tons from the previous working day. After two rounds of pulling up and absorbing goods, the arrival of goods in the province has improved significantly compared with before, but some steel enterprises have not been able to meet the daily consumption; Superimposed yesterday's shagang rose 50, and merchants are looking forward to a resurgence of psychology. In addition, the National Day holiday is approaching, considering that steel companies in order to ensure daily production there is a need for storage, therefore, the pre-holiday scrap support is strong, easy to rise and difficult to fall, is expected to short-term local scrap narrow upward range.
Henan: Today, the local scrap steel is running steadily and strongly. Minyuan rose 30, Yongxing rose 50, Jiyuan rose 30, Xinpu rose 20, and Hongda rose 30-50. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2240-2290 yuan/ton, and heavy waste 6 thick is 2050-2100 yuan/ton, excluding tax. The arrival volume of 16 sample steel mills in Henan was 8,140 tons/day, a decrease of 00,270 tons from the previous working day. Under the continuous influence of favorable macro policies, the performance of futures and spot is improving, and the demand for replenishment of various factories is obvious as the holiday is approaching, and the short-term support for scrap steel is good. It is expected that in the short term, local scrap will operate steadily to strongly.
(A mini program has been added here, please go to the Toutiao client to view)
【South China】
Guangdong: Today, the local scrap steel is stable and rising, and its China Xin rose 50, Shengli rose 10, and Shaogang rose 10. At present, the mainstream of ordinary punching in Zhongshan is 2010-2060 (Xiaolan pure cold sheet 2110-2160), die steel 2170-2220, ordinary punching mainstream 2010-2060 in Foshan, pure cold plate 2100-2150, silicon steel sheet 2120-2170, steel bar head 2110-2210, and 6 heavy waste (wool) 2110-2160. At present, 55,100 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, an increase of 6,900 tons from the previous working day. Today's futures continue to hold red shocks, superimposed on the continued rise of finished products, steel mill profits have eased slightly, production willingness has increased, and there is still a demand for hoarding during the National Day holiday, which temporarily supports scrap prices, so it is expected that local scrap steel will run steadily and strongly in a short period of time.
Guangxi: Today, Japan's local steel enterprises rose partially, including Wangang up 30, Liugang up 50, Guangzhou Steel up 20-30, Guigang up 30, Yima up 30, Fucheng up 10-20. Liuzhou scrap steel market rose 40: punching edge material 1960-2010, cold and hot rolling 2250-2300, metal punching (including galvanizing) 2200-2250, pure automobile sheet 2250-2300, steel particles 2370-2420, steel briquetting 2320-2370, heavy waste 2180-2230, large mold 2320-2370, small mold 2370-2420, pig iron cast steel 2250-2300. 26,200 tons of scrap steel from 14 sample steel mills in Guangxi Province arrived, a decrease of 3,200 tons from yesterday. Short-term macro warming, thread spot price resonance upward, pre-holiday is expected to drive scrap prices to continue to rise, but near the National Day part of the steel mill replenishment into the end, after the price is still a callback risk, chasing the need to be cautious, it is recommended that merchants ship at a high price, bag for safety.
【Southwest China】
Yungui: Today, local scrap steel is stable and strong. Macro positive frequent increases, snails hold red rise, finished steel prices rise, the market is looking forward to the phenomenon of rising and covering continues to increase, some steel mills have arrived significantly down, in the state of low inventory, the mills are actively grabbing goods, scrap steel temporary support, such as the arrival continues to decrease, there is a possibility of continuing to rise in a narrow range. Among the 13 sample steel mills in Yunnan-Guizhou today, about 12,200 tons of scrap arrived yesterday, a decrease of 3,700 tons from the previous working day. The mainstream reference price is 2300-2360 yuan/ton for Yunnan steel bar pelletization, and 2200-2260 yuan/ton for high-quality corner materials; Guizhou steel bar pelletizing is 2250-2350 yuan/ton, and pig iron heavy waste is 2200-2250, and the price of good materials is high.
(A mini program has been added here, please go to the Toutiao client to view)
Sichuan and Chongqing: Today, Sichuan and Chongqing scrap steel is running strongly. At present, the mainstream material type wool price in the market: pig iron 2020-2100; Heavy waste 2100-2200; steel bar 2180-2280 crushed material, light and thin material 1980-2080; 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 30,500 tons, a decrease of 3,500 tons compared with the previous working day. With the continuous fermentation of favorable macro policies, the market for snails and finished products continues to rise, and market merchants are looking forward to rising and reluctant to sell, and the arrival of steel mills continues to fall. Approaching the National Day holiday, the finished steel trading is good, the production enthusiasm of steel mills has increased, the demand for replenishment is more urgent, and the scrap resources in the superimposed market are tight, and the scrap support is strong. It is expected that the scrap market in the region will be stable and strong in the short term.
(A mini program has been added here, please go to the Toutiao client to view)
Overseas scrap prices and information on September 27
1. Turkey scrap: rebar sales improved, and imported scrap prices rebounded slightly
Turkey's imported black scrap prices rebounded slightly, with volatility mainly driven by oversupply in Europe and firm scrap prices in United States. Strong domestic rebar sales in Turkey supported prices. At the beginning of the week, the market faced some downward pressure due to the oversupply of scrap in Europe. European recyclers face challenges in unloading large amounts of stock, especially in the Benelux region, where collection costs are high. Prices fell, with EU-origin HMS (80:20) at $357-365/mt CFR. Subsequently, steel mills restrained large-scale purchases, taking a cautious view of oversupply and price pressures. The looming threat of a dock strike in the United States further dampened market sentiment, especially among United States scrap suppliers. Demand rebounded mid-week, driven by a strong performance in Turkey's domestic rebar market, with prices surging to $615/mt ex-works. Turkey steel mills benefited from the spread between rebar and scrap prices and began to accept higher-priced United States scrap, with premium HMS (80:20) trading at $368/mt CFR, and the Turkey imported scrap market is expected to remain volatile.