Summary of today's scrap market
Yesterday, the country's scrap fluctuated in a narrow range. As the year approaches, domestic electric furnace factories have begun to stop production, and the demand for scrap steel in the market has dropped sharply, which is bearish for the trend of scrap steel. However, considering that the market merchants have started to take holidays since this week, the scrap transaction will also weaken, and under the weak pattern of supply and demand, it is expected that the price of scrap steel will not change much, and the stability and transition will be the mainstay.
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On January 29, Zhangjiagang scrap steel arrival statistics: Zhangjiagang unloaded 17,000 tons yesterday, an increase of 700 tons from the previous day, and about 108 scrap steel ships at the wharf this morning (+52 compared with yesterday morning), with about 185 cars (-5 compared with yesterday morning)
On January 29, the national scrap steel main stable operation. The price decline areas are in Guangdong, Guangxi, Shanxi and other places, with a decline of 10-60 yuan/ton. The electric furnace gradually opened the holiday mode, and the winter storage inventory reserve of the long-process steel mill was completed, and there was no need for a large number of replenishment in the follow-up, and only the daily consumption could be met. The demand for threads and screws is limited before the year, and most of the long-process steel mills are in a state of loss, so it is difficult to increase the demand for scrap steel in the future. The base has also gradually opened the holiday mode, the market transaction is cold, and the price fluctuation is limited.
On the whole, the year is approaching, the pattern of scrap supply and demand is difficult to change, there is no sign of significant accumulation of finished product inventory before the year, and the contradiction of finished products is not prominent, so the price of finished products also fluctuates limitedly, and steel mills are mostly in a state of loss, scrap steel is under pressure, in the case of daily consumption demand before the year, the support of scrap steel is more obvious. It is expected that the short-term scrap will be stable.
Shagang Grade 3 Rebar and Scrap Price Tracking Description (20240129)
Tracking of the price difference between rebar and scrap: the price difference between Shagang's third-grade rebar and scrap steel is 960 yuan/ton, which is stable on the previous working day. Today, the market price of construction steel is mainly stable, the price of billets in Tangshan is stable, the merchants are on holiday one after another, the downstream construction site is suspended, and the transaction is poor. Today, the domestic scrap steel market is mainly running steadily, and prices in some markets fluctuate in a narrow range. Approaching the end of the year, most of the scrap processing bases to clear inventory, return funds, the willingness to purchase has declined; at present, the upstream scrap output has decreased, the market supply is tight, but due to the electric furnace enterprises have been shut down for holidays, the demand has decreased in the short term, and the price lacks upward momentum.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu Daily Review: Today's local scrap steel is running steadily. At present, the mainstream transaction prices of steel enterprises: 6 thick steel sheets 2820-2870, 6 heavy waste 2780-2830, 2-4 shearing 2680-2730, shavings 2680-2770, organic pig iron 2730-2780. Today, about 82,300 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, an increase of about 00,300 tons from the previous working day and an increase of about 0.4% month-on-month. As the end of the year approaches, the site holidays are gradually increasing, and scrap shipments are gradually limited, and most steel mills are arriving to maintain the status quo, and it is difficult to increase, but with the increase in electric furnace shutdown and holidays, supply and demand are weak, scrap prices fluctuate little, and it is expected that the short-term local scrap will be more stable and adjusted on demand.
Anhui Daily Review: Scrap steel in the province is running steadily, and the local mainstream factory prices are: steel sheet 2730-2780, heavy scrap 2610-2710, and shear 2510-2610. Today, 25,000 tons of scrap steel from steel mills in Anhui Province arrived, a decrease of 1,800 tons from the previous working day. Wharves and bases will be on holiday since this week, the market supply is gradually weakening, and even if the price adjustment of steel companies is not of much significance, it is difficult for scrap prices to change in the short term, and they are still running steadily.
Shanghai Daily Review: Today's local scrap steel main stable tone, the current mainstream material type: steel plate, abrasives 2730-2820, cold-rolled material 2670-2720, silicon steel sheet 2730-2780, steel bar pelletizing 2770-2820, baled steel bar 2670-2720, heavy waste 2700-2750, shavings 2400-2500, color steel tile 2270-2320. Today's snail narrow range shock, the market transaction is general, approaching the Lunar New Year, the rapid decline of waste resources, the base has begun to holiday, and the winter storage task of steel enterprises is basically completed, the holiday of electric furnace plants is gradually increasing, under the weak pattern of supply and demand, the market is difficult to have large fluctuations, and it is expected that the local scrap steel will be mainly stabilized and transitioned.
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Shandong Daily Review: Today's main stable operation in the province, Zhengjia 2 thick or more flower material 2910-2920, galvanized powder plate 2740-2750, cold plate 1 thickness above 2860-2880, cold plate 1 thickness below 2880-2900, Shandong 23 sample steel mills scrap arrival of 32,800 tons, an increase of 00,800 tons from the previous period. During the weekend, the factories arrived well, and some even surged, mainly because the local merchants had a decline in market confidence after the year, and they were afraid of falling, so they accelerated the pace of clearance and shipment, and the inventory of steel mills also increased slightly;
Zhejiang Daily Review: Today's local scrap steel is running steadily. Taozhuang market part fell 10-20: cold and hot rolling 2680-2700, silicon steel sheet 2780-2790, plate edge 2760-2810, steel head 2680-2730, white galvanized 2630-2650, steel planer 2410-2460. Yesterday, 11,100 tons arrived in the province, a decrease of 00,600 tons from the previous day, and the daily consumption remained unchanged compared with the previous period. In this period, the snail held green shocks, the billet was weak and stable, the number of steel enterprises that stopped production and revenue increased, and some surrounding steel companies began to fall, and the overall expectation was lowered. At present, the inventory of the yard is low, and some of them are ready to stop collecting and thus reduce the purchase price, and the market transaction tends to be deserted.
Fujian Daily Review: Today's local scrap steel is running steadily. The mainstream transaction price of steel mills: 2690-2880 for steel sheet 6, 2720-28800 for heavy scrap 6, 2910-2970 for steel bar pelletizing, and 2750-2920 for cold-rolled material. Yesterday, about 40,000 tons of scrap steel from 17 mainstream steel companies in Fujian arrived, a decrease of 4,500 tons from the previous working day. Month-on-month, it decreased by 31%. Towards the end of the year, the province's production and waste end has been suspended for holidays, and the reduction of market resources is more obvious, and the electric furnace factories in the province are mostly planned to stop harvesting at the beginning of next month. The market supply and demand are weak, and it is expected that the pre-holiday scrap will be dominated by a smooth transition.
Jiangxi Daily Commentary: So far over the weekend, local scrap has been running steadily. At present, 6 heavy waste 2530-2580, steel bar 2620-2670, for reference only. A total of 7 sample steel mills in Jiangxi Province received 15,900 tons/day of scrap, a decrease of 2,900 tons/day from the previous working day. Now that the end of the year is approaching, the market performance is average, coupled with the low local prices, most bases choose to stay on the sidelines. Considering the weak supply and demand in the market outlook, as well as the performance of finished products, it is predicted that the change in scrap steel will not be very large, and some out-of-stock steel mills may have the possibility of pulling up and absorbing goods.
【North China】
Hebei Daily Review: Today, the price of scrap steel in Hebei is mainly stable, of which Dalip fell by 30 and coil mills rose by 10-25. A total of 46 sample steel mills in Hebei Province received 120,500 tons of scrap steel, a decrease of 00,600 tons from the previous working day. The overall arrival in the province is average, the basic and daily consumption are balanced, considering the reduction of market supply, the base has been on holiday, the supply of scrap steel has weakened, and the scrap support is strong, and it is expected that the short-term scrap steel will continue to operate steadily.
Tianjin Daily Review: Today's Tianjin scrap steel prices are stable, Ronggang crushed special shear material 2800, Dongli Tiangang steel bar briquetting 2915, Tiangang United steel bar cutting head 3115. The three sample steel enterprises in Tianjin arrived 6,800 tons of scrap yesterday, a decrease of 2,100 tons from the previous working day. Steel mills mostly to complete the winter storage demand, and the market holidays have increased, scrap trading volume has weakened significantly, steel mills in the later price adjustment is of little significance, or maintain a smooth transition before the year.
Shanxi Daily Commentary: Today's market is mainly stable and operational. Liheng rose 10, the purchase price of the mainstream material type of the existing Shanxi steel mill: 10 heavy waste 2870-2950, steel bar pelletizing 2970-3030, steel bar briquetting 2820-2950, 1.8 specific gravity crushed material 2670-2730. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi was 19,100 tons/day, a decrease of 00,800 tons from the previous period. The base has been on holiday, the circulation of market resources has decreased, the pressure on steel enterprises to replenish the warehouse has increased, the arrival has declined, the overall demand is weak, most of them have maintained a wait-and-see attitude, and it is expected that the short-term Shanxi scrap steel will be adjusted in a stable and narrow range according to its own situation.
Inner Mongolia Daily Review: Today's local market is running steadily. 6. Heavy waste 2580-2680, 8-12 heavy waste 2700-2750, 3-5 thick total material 2450-2520. Scrap steel arrived 03,580 tons, a decrease of 00,170 tons from the previous working day, the weekend individual arrival was less than the daily steel mill narrowly raised the price of scrap steel, and replenished the warehouse, but after the price of scrap steel was raised, the arrival did not get better, considering that the steel mill is in a state of loss, and even if it rises, it is difficult to get better, so the short-term scrap steel in the province is mainly stabilized.
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【Tohoku Region】
Daily review of the three provinces in Northeast China: today's market is mainly stable, plate 2800-2850, heavy scrap 2800-2850, 30 sample steel mills in Northeast China today 17,000 tons of scrap steel arrived, an increase of 00,300 tons over the previous working day, the arrival of steel mills continues to maintain the status quo, the arrival of steel mills fluctuates limitedly, as the end of the year is gradually approaching, it is more difficult for steel mills to replenish the arrival, and the current rise can not change the status quo of arrival, so the short-term market fluctuations are limited, and it is expected that the scrap will run smoothly tomorrow.
【Northwest Territories】
Northwest Daily Review: Today, the Northwest market is mainly running steadily. The mainstream price reference in Lanzhou is as follows: 2530-2550 for steel bar pelletizing, 2430-2450 for heavy waste 6-thick wool, 2410-2430 for organic pig iron, 2230-2250 for light and thin materials, and 2490-2510 for front and rear axles. At present, the 14 sample steel mills in Northwest China received 7,900 tons of scrap steel, a decrease of 1,300 tons from the previous period. The weather in the northwest region is getting colder and colder, the wool is difficult to harvest, the market resources continue to decrease, the year is approaching, the site is more and more holidays, the circulation of market resources is weakened, and the decline in the arrival of some blast furnaces makes it difficult to maintain the daily consumption, and the production rhythm is adjusted according to its own situation. It is expected that in the short term, the Northwest scrap will be mainly received.
【Central China】
Hubei Daily Review: Since the weekend, individual local steel mills have risen by 30. The price increase is mainly due to the approaching holiday, the slowdown in the pace of base shipments, and the decrease in arrivals, but the arrival has rebounded after the price increase. Looking ahead, the weakness of supply and demand is gradually emerging, and it is predicted that there will be little change in the short term, and more adjustments will be made on demand. A total of 17 sample steel mills in Hubei Province received 32,038 tons/day of scrap, an increase of 00,270 tons/day from the previous working day. At present, the mainstream market price is 2820-2870 yuan/ton of steel bar pelletizing, 2630-2730 yuan/ton of 6-10 thick steel plate wool, 2580-2680 yuan/ton of 6 thick and heavy waste qualified materials, 2680-2780 yuan/ton of 10 thick and heavy waste, 2530-2580 yuan/ton of 6-10 heavy waste wool, 2550-2650 yuan/ton of cold and hot rolled white iron, 2430-2530 yuan/ton of 2-4 thick shear material, and 2680-2730 yuan/ton of steel lumps, for reference only.
Henan Daily Review: Since the weekend, local scrap has been mixed, Wugang fell 50, and Hongda, Yongxing and other steel mills rose 20-50. A total of 16 sample steel mills in Henan Province received 20,600 tons of scrap per day, an increase of 1,100 tons from the previous working day. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2780-2830 yuan/ton, and heavy waste 6 thick is 2660-2730 yuan/ton. With the high level of the snail hovering, coupled with the peripheral steel mills continue to pull up and absorb goods, some local steel mills have been forced to pull up in order to prevent the outflow of goods, and the arrival of goods has also increased. At present, most venues have plans to speed up the emptying of the yard by taking advantage of the current price, and do not blindly bet on the rise after the year. Short-term local scrap is forecast to operate in a narrow range.
Hunan Daily Review: Since the weekend, the local scrap steel has been running steadily. A total of 2 sample steel mills in Hunan Province saw 09,000 tons of scrap per day, a decrease of 00,200 tons from the previous working day. At present, the transaction price in the mainstream market is 2510-2560 for heavy waste 6 thick, 2660-2710 for steel bar heads, 2490-2540 for machine pig iron, and 2640-2680 for cold-rolled materials, excluding tax. At present, some sites have begun to be on holiday, the amount of scrap processing has decreased, and the price of local steel mills has no advantage, the supply of goods has shown an outflow, and the arrival of local steel mills has been affected to a certain extent. If the arrival continues to be low, and the snail is still fluctuating at a high level, the probability of pulling up is large. Short-term local scrap is forecast to operate in a narrow range.
【South China】
Guangdong Daily Review: Today's local scrap steel is weak, including Jin Shenglan down 20, Derun down 20, Shengli down 20, etc., the mainstream of ordinary punching in Zhongshan area 2550-2600 (Xiaolan pure cold sheet 2670-2720) Foshan ordinary punch mainstream 2560-2610, pure cold plate 2650-2700, rebar head 2630-2730, 6 heavy waste (wool) 2600-2650, a total of 30 sample steel mills in Guangdong Province today scrap steel arrival volume of 51,300 tons, a decrease of 6,400 tons from the previous working day, today the disk still maintains a volatile trend, after the mainstream steel enterprises took the lead in falling prices, local electric furnace factories followed the decline, considering that most of the electric furnace plants have stopped production, the freight yard will also be on holiday, scrap steel in the weak supply and demand is difficult to have large fluctuations, it is expected that the short-term scrap steel will be stable in a narrow range of adjustment operation.
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Guangxi Daily Commentary: Today's local scrap steel is running weakly, of which Guixin fell 20, Yima fell 20, and Pinggang fell 20. At present, the scrap steel market in Liuzhou is temporarily stable: 2420-2470 punching edge material, 2730-2780 metal punching (including galvanizing), 2800-2850 pure automobile sheet, 2800-2850 steel particles, 2780-2830 steel briquetting, 2530-2630 heavy waste, 2680-2730 large molds, 2730-2780 small molds, and 2680-2730 pig iron cast steel. 39,000 tons of scrap steel arrived at 14 sample steel mills in Guangxi, a decrease of 3,500 tons from the previous job. Considering that the Spring Festival is approaching, local businesses have been on holiday, the market resources have decreased significantly, and so far over the weekend, the province has increased three electric furnaces to stop the furnace holiday, some electric furnaces have fallen slightly in price, the overall arrival of steel enterprises has decreased significantly, and the current market supply and demand are weak, and it is expected that the local scrap steel will be stable tomorrow.
【Southwest China】
Sichuan and Chongqing Daily Review: Today, Sichuan and Chongqing scrap steel are mainly running steadily. Mainstream transaction price: pig iron steel parts 2590-2650, steel bar head 2700-2760, excellent and heavy waste 2610-2700, medium waste 2600-2660, shears 2530-2600, specific inspection, for reference only. Yesterday, 18 sample steel mills in Sichuan and Chongqing arrived 28,700 tons of scrap steel yesterday, an increase of 00,700 tons from the previous working day. The market began to empty the venue one after another, and basically closed on the 1.31-2.4 holiday, and gradually entered a state of closure. Steel mills use the last few days to actively receive goods and replenish inventories. It is expected that in the short term, Sichuan and Chongqing scrap will operate steadily.
Yungui Daily Commentary: Today's local scrap steel is stable. Approaching the Spring Festival, the reduction of market resources is more obvious, some sites have been on holiday, the arrival of steel mills has declined sharply, considering that most of the electric furnace plants have stopped production, the demand is weakening, and it is expected that the pre-holiday scrap steel will be more stable transition. Among the 13 sample steel mills in Yunnan-Guizhou today, 12,400 tons of scrap arrived yesterday, a decrease of 5,500 tons from the previous working day. The mainstream reference price is 2800-2830 yuan/ton for Yunnan steel bar pelletization, 2680-2730 yuan/ton for excellent and heavy corner materials, and 2760-2810 yuan/ton for Guizhou steel bar pelletizing, and 2680-2730 yuan/ton for pig iron heavy waste.
Overseas scrap prices and information on January 29
1. Scrap steel in Taiwan, China: maintain the price of scrap, rebar and section steel
Fengxin Steel, one of Taiwan's major electric furnace companies, maintained the purchase price of scrap steel at NT$11,200/mt this week, and the prices of rebar and section steel also remained unchanged at NT$20,000/mt and NT$26,300/mt, respectively. The market is trading lightly due to depressed market prices and the pre-holiday atmosphere. Japan's H2 scrap prices fell 0.5% week-on-week to $383/mt, while U.S. containerized scrap prices fell 0.8% week-on-week to $377/mt. Australian iron ore prices rose 4.1% month-on-month.
2. Indian Scrap: Scrap demand has been dampened by the upcoming general election
India's demand for scrap imports has been tepid due to sluggish sales of finished steel products and high inventories. The upcoming parliamentary elections have also dampened demand. Local steel mills said demand could not catch up with supply, leading to weak market prices. China's low-cost steel floods the market, and there is fierce competition with Indian products in the international market. In the first 11 months of last year, India's scrap imports reached a record 10.47 million tonnes, but import prices were not high due to underpurchases. At present, the import price of scrap steel remains at a low level, and cheap alternative raw materials such as sponge iron are also one of the factors restricting the rise in scrap prices. It is estimated that it will take some time for the Indian market to regain stability.
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3. Summary of the week's market: the price of imported scrap steel is on a downward trend in the light trading
Global ferrous scrap prices fell last week. In the South Asian market, Indian buyers are hesitant to order imported scrap due to the large gap between domestic and import prices. The Pakistani market continues to be sluggish due to a slowdown in the domestic finished steel market demand ahead of the February election. Bangladeshi buyers are having difficulty opening letters of credit (LCs). Japan's H2 scrap export quotations remained unchanged due to limited buying interest from major importing countries, with Tokyo Steel, a prominent Japanese steel mill, cutting its domestic black scrap purchase price by 2,000 yen/mt (97 yuan/mt). Turkey's imported black scrap prices fell due to uncertain price trends and ample inventories, reducing the urgency to replenish inventories. The average weekly price of US bulk HMS (80:20) scrap fell to $419/mt CFR Turkey from $423/mt CFR last week.