Domestic scrap steel prices mainly rise slightly

Information Statistics Department of China Scrap Steel Application Association
Last week, domestic scrap steel prices mainly rose slightly, market transactions gradually recovered, resource volume rebounded, steel companies' arrival volume increased significantly, daily consumption increased, and inventory slightly decreased. Compared with the previous period, the average purchase price of scrap steel for key steel enterprises has increased by 10 yuan/ton for heavy-duty scrap steel, 8 yuan/ton for medium-sized scrap steel, and 12 yuan/ton for bulk scrap steel.
Recently, the black series futures market has performed well, with an overall orderly recovery. Steel companies have actively purchased scrap steel, pushing up scrap steel prices. The iron ore market is operating strongly, and the price of coke has fallen, causing a slight increase in the price of molten iron but still lower than the overall increase in scrap steel prices, resulting in a slight increase in the price difference between molten iron and scrap steel. The utilization rate and operating rate of electric arc furnaces continue to rise, but have not yet returned to normal levels. Overall, it is expected that the price of scrap steel will show a stable and moderate upward trend in the near future.
The price of scrap steel in the East China region is stable but rising, and the amount of goods received by merchants is gradually increasing. The market transaction investment volume has significantly increased, and some steel enterprises have a demand for replenishing inventory. The purchase price of heavy-duty scrap steel at Nangang is 2525 yuan/ton, with an increase of 50 yuan/ton; The purchase price of Shagang's heavy-duty scrap steel is 2560 yuan/ton, with an increase of 50 yuan/ton; The purchase price of heavy-duty scrap steel for Xingcheng Special Steel is 2550 yuan/ton, with an increase of 60 yuan/ton; The purchase price of heavy scrap steel from Magang is 2240 yuan/ton; The purchase price of Tongling Fuxin heavy-duty scrap steel is 2490 yuan/ton; The factory price of scrap steel from Pinggang's edge material pressing blocks, excluding tax, is 2275 yuan/ton; The bidding price for Shandong Iron and Steel Laigang Heavy duty Block Scrap Steel is 2620 yuan/ton; The base price for the purchase of heavy-duty scrap steel excluding tax by Ningbo Iron and Steel in March is 2070 yuan/ton.
The prices of scrap steel in Central China have fluctuated, and most bases have resumed work and production. The overall receiving situation is poor, and the profitability of steel enterprises has improved. The purchase price of heavy scrap steel from Angang is 2650 yuan/ton; The purchase price of heavy scrap steel at Wugang is 2627 yuan/ton; The ex factory price of heavy-duty scrap steel from Liangang, excluding tax, is 2091 yuan/ton; The factory price of special grade pressed scrap steel from Xiangtan Iron and Steel, excluding tax, is 2190 yuan/ton, with an increase of 20 yuan/ton; The purchase price of low sulfur pressed scrap steel from Wuhan Iron and Steel Group is 2540 yuan/ton; The factory price of heavy-duty scrap steel from Hengyang Steel Pipe, excluding tax, is 2050 yuan/ton.
The scrap steel market in the southern region of China is operating steadily, with steel companies resuming production in a comprehensive manner. The demand for scrap steel is increasing, and market activity is growing. The purchase price of SanGang Minguang heavy-duty scrap steel is 2520 yuan/ton; The purchase price of Ansteel Lianzhong's first grade carbon steel scrap air cutting material is 2600 yuan/ton; The ex factory price of Shaogang's heavy-duty Class II scrap steel, excluding tax, is 2360 yuan/ton, with an increase of 10 yuan/ton.
The scrap steel market in the southwest region is operating steadily, with an increase in the amount of goods received by steel companies and low inventory levels, resulting in an overall average delivery situation. The factory price of Shougang precious steel scrap first grade refined material excluding tax is 2260 yuan/ton; The purchase price of Kunsteel's heavy-duty Class II scrap steel is 2450 yuan/ton.
The price of scrap steel in the northwest region is stable with some decline, and the supply and circulation of scrap steel are still tight. Steel companies mainly adjust the purchase price of scrap steel according to their own situation. The purchase price of medium-sized scrap steel for Xining Special Steel is 2348 yuan/ton; The purchase price of medium-sized scrap steel at Jiugang is 2280 yuan/ton, with a reduction of 50 yuan/ton.
The scrap steel market in Northeast China is operating steadily, with a favorable macro environment and low inventory levels among steel companies. The purchase price of heavy scrap steel for Jianlong West Steel (Yichun area) is 2372 yuan/ton; The purchase price of heavy scrap steel from Anshan Iron and Steel is 2599 yuan/ton, with an increase of 34 yuan/ton; The purchase price of heavy-duty scrap steel for Fushun Special Steel is 2450 yuan/ton; The purchase price of heavy scrap steel from Lingyuan Iron and Steel is 2190 yuan/ton.
The overall price of scrap steel in North China is stable, and the profitability of steel enterprises has improved. There is a strong willingness to use scrap steel, but the production enthusiasm of the base is not good. The purchase price of heavy scrap steel for Shougang Qiangang is 2550 yuan/ton; The purchase price of heavy-duty Class II scrap steel for Tianjin steel pipes is 2650 yuan/ton; The purchase price of Baosteel's heavy-duty Class II scrap steel is 2458 yuan/ton; The purchase price of Taiyuan Iron and Steel's heavy-duty scrap steel is 2480 yuan/ton, with an increase of 20 yuan/ton; The price of heavy-duty scrap steel from Hegang Shigang, excluding tax, is 2349 yuan/ton, a decrease of 9 yuan/ton.