Summary of today's scrap market
Yesterday, the country's scrap steel was running strongly. Last night, Shagang rose 50, but due to the slow pace of price increases, the market did not follow the rise, up to now, the arrival of major steel mills have risen, the pace of market shipments has accelerated, because the current steel mill inventory is at a low level, some steel mills still have the intention of replenishing the warehouse, so the price of scrap steel is temporarily supported, but considering the loss of steel mills, the price of raw materials is high, scrap is still in the stage of easy to fall and difficult to rise, and it is expected that the short-term scrap will be adjusted in a narrow range according to demand.
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On April 12, Zhangjiagang scrap arrival statistics: 4,300 tons of cargo were unloaded in Zhangjiagang yesterday, which was stable compared with the previous day, and there were about 13 scrap steel ships at the wharf this morning (+5 compared with yesterday morning), and about 78 cars (+13 compared with yesterday morning).
On April 12, the national scrap steel stabilized and rose. The price increase is mainly distributed in Jiangsu, Zhejiang, Anhui, Fujian, Sichuan, Shanxi and other places, with an increase of 10-100, and the price decline is Jiangsu MCC Oriental and Guangdong Yangchun New Steel, a decline of 20-50.
The snail is running red, shagang rose 50, the market bullish sentiment is still strong, there is a phenomenon of price increase and grabbing, coupled with the low inventory of the base, it is difficult to receive the goods, the willingness to ship is general, and the arrival of steel mills is still less than the daily consumption. The profits of steel enterprises and the sales of finished products are poor, and the cost performance of scrap steel continues to decline compared with molten iron after the price increase, and the short-term scrap may continue to be slightly stronger, but the upside is limited, and more attention is paid to the trend of finished products.
Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu: Today's local scrap steel is stable and strong, with an increase of 10-50. At present, the mainstream transaction prices of steel enterprises: 2600-2650 for 6 thick steel sheets, 2580-2630 for 6 heavy waste, 2390-2440 for 2-4 shears, 2390-2460 for shavings, and 2540-2590 for organic pig iron. Today, about 53,500 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, an increase of about 6,500 tons from the previous working day and an increase of about 14% month-on-month.
Today, shagang rose 50, some of the early steel companies have been pulled up slightly to follow the adjustment of about 30, the market expectation of a slight release, scrap shipments increased slightly. At present, the circulation of scrap resources in the market is still average, and the arrival of steel mills is not significantly rising, and the scrap support is still preferred, but considering the current poor profits of steel enterprises, the continuous rise of scrap is weak, and it is expected that the short-term local scrap will be more stable in the narrow range.
Shandong: Today's stable and strong operation in the province, Yongfeng rose 50, Zhengjia 2 thick or more flower material 2630-2640, galvanized flower material 2350-2370, cold plate 1 thickness above 2680, cold plate 1 thickness below 2700, 23 sample steel mills in Shandong Province scrap steel arrival 16,200 tons, a month-on-month change of 2,200 tons. After the rise, the arrival of local steel mills is still not ideal, today's leading steel mills have risen sharply, restore market confidence, do not rule out the surrounding steel mills have to make up for the rise, but at this stage futures to maintain a high level of shock operation, steel mills in the scrap price after the rise in production costs rose again, scrap steel is facing problems such as lack of momentum, so it is expected that the short-term scrap steel will maintain a stable trend, the increase or narrow.
Fujian: Today, the local scrap steel owners are running steadily. Qingtuo rose 40, Yixin rose 30, and Dadonghai rose 30. The mainstream transaction price of steel mills: steel sheet 6 thickness 2500-2670, heavy waste 6 thickness 2590-2720, steel bar pelletizing 2600-2740, cold rolled material 2530-2650. Yesterday, a total of 17 sample steel mills in Fujian Province arrived about 30,400 tons of scrap, a decrease of 00,800 tons from the previous working day. After Shagang led the rise of 50 yesterday, the steel enterprises with low inventory levels in the province took advantage of the trend to slightly increase the replenishment, with an increase of 30-40 yuan/ton.
At present, the enthusiasm of market shipments is average, merchants are more fast in and out, low inventory mode is running, and the arrival of steel enterprises is the same as daily consumption. Scrap prices were slightly supported. Considering that the current transaction of finished products is average, the profit of electric furnace is still in the loss, coupled with the downward movement of the cost of molten iron, the enthusiasm of blast furnace plants to use scrap is poor, and the momentum of scrap steel rise is insufficient. It is expected that in the short term, local scrap will be adjusted in a narrow range according to its own arrival.
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Shanghai: Today's local scrap steel rose 30-50, and the current mainstream material types: steel plates, abrasives 2510-2620, cold-rolled materials 2430-2480, silicon steel sheets 2500-2550, steel pelletizing 2570-2620, baled steel bars 2450-2500, heavy waste 2460-2510, shavings 2150-2250, color steel tiles 2010-2060.
This period of snails holding red operation, shagang rose 50, the market bullish sentiment is still strong, there is a phenomenon of price increases, coupled with low base inventory, difficult to receive, shipping willingness in general, but steel enterprise profits and finished product sales are poor, scrap steel price increase compared with the hot metal cost performance continues to decline, short-term scrap or continue to be slightly stronger, but the momentum is also limited, the follow-up price increase space pays more attention to the trend of finished products.
Anhui: Today's local scrap steel main stable operation, Lu'an Xinda rose 40, Masteel rose 50, Guangde Lixin rose 20, Wuhu Fuxin rose 30, and the local mainstream factory price: steel sheet 2580-2630, heavy waste 2480-2580, shear 2380-2480. A total of 14 sample steel mills in Anhui Province received 23,000 tons/day of scrap, an increase of 3,800 tons/day from the previous working day. Affected by the rise of shagang, the market has been greatly boosted, and the circulation of resources has improved significantly. At present, the arrival of scrap steel in the province has risen significantly, and individual steel companies have pressure on the car, and they need to be vigilant against the risk of falling back after rising. It is expected that in the short term, local steel enterprises will mainly adjust according to their own needs.
Zhejiang: Today, local scrap is running strongly. Taozhuang scrap steel part rose 60-80: steel bar pelletizing 2600-2620, horseshoe 2540-2590, cold and hot rolling 2490-2510, silicon steel sheet 2560-2570, plate edge 2520-2570, steel head 2490-2540, white galvanized 2430-2450, steel planer 2230-2280.
Today, Shagang rose 50, the surrounding steel enterprises rose, the provincial yuan rose 50, Yuxin rose 20, the snail continued to hold the red rise, the overall atmosphere is better, more hoarding and replenishment operations, affected by the tight resources, the sensitive market has been raised many times, and the amplitude is obvious. At present, the profit of the electric furnace is poor, the cost of this round of rise is moving upward, the operation is cautious, the follow-up increase is limited, and more attention is paid to the trend of finished products, and it is expected that the scrap steel in the province will run in a narrow range in the near future.
【North China】
Hebei: Today's local scrap steel owners rose steadily, of which Xuangang rose 20. At present, the scrap of 48 sample steel mills in Hebei Province has arrived at 11.65, an increase of about 19,800 tons from the previous period. Yesterday, the overall arrival in the province rose slightly, the overall supply and demand balance, the arrival of individual high-priced steel mills is higher than the daily consumption, the current disk trend is red shock, the market is still looking forward to the rising sentiment, the pace of business delivery has slowed down significantly, and there is a certain support for scrap prices, but considering the weak cost performance of scrap steel, steel mill losses and other problems, the rise of scrap steel is still limited, and it is expected that the short-term scrap steel will be adjusted in a narrow range.
Tianjin: Today's Tianjin scrap steel is stable and strong, Dongli Tiangang steel bar briquetting 2655, Tiangang United steel bar cutting head 2840, Ronggang heavy A2660, Tianjin 3 sample steel enterprises arrived yesterday 03,000 tons, an increase of 00,300 tons from the previous working day. The arrival of local steel mills has not changed much temporarily, but with the price rising, the enthusiasm of market shipments has increased, and the short-term arrival may increase slightly, and the performance of finished products is firm, so the price of scrap steel is temporarily supported, and the scrap steel is expected to be sorted out at a high level in the future.
Shanxi: Today's market scrap prices are stable and rising. Liheng rose 30, Hongda rose 30, Huaxinyuan rose 40, Jinye Iron and Steel opened, the existing Shanxi steel mill mainstream material type purchase price: steel granulation 2700-2760, 10 heavy waste 2600-2680, 10 thick scraps 2620-2670, steel briquetting 2540-2640, 1.8 specific gravity crushed material 2430-2520.
The snail is red and volatile, the market is looking forward to the low willingness to ship, and the arrival of steel enterprises remains low. Under the tight supply situation, short-term scrap is still supported, and it is expected that short-term local scrap will remain stable and rising.
Inner Mongolia: Today, the local market is running steadily, with 6 heavy waste 2330-2430, 8-12 heavy waste 2400-2500, and 3-5 thick total material 2200-2300. Today, the arrival of scrap steel from steel mills in Inner Mongolia Province was 7,310 tons, an increase of 0,710 tons from the previous working day. Most of the steel mills in the province can basically meet the daily consumption, the basic supply and demand balance of scrap steel in the province in the short term, the steel mills take into account the volatile trend of the snail, and the finished product table needs to be good and weak, and the steel mills in the province may continue to wait and see, and it is expected that the short-term scrap will run steadily.
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【Tohoku Region】
The three eastern provinces: today's scrap steel in the region is stable and rising, plate 2650-2700, heavy scrap 2640-2690, 31 sample steel mills in the three northeastern provinces of scrap steel arrived at 20,000 tons, an increase of 0.02 thousand tons compared with the previous working day, with the rise in the price of some steel mills, the enthusiasm of market shipments has increased significantly, and the base end has no hoarding sentiment, mostly fast in and out, steel mills are still acceptable, although the disk continues to rise, but the willingness of local steel mills to continue to rise is poor, so it is expected that the market price will temporarily maintain stable operation.
【Northwest Territories】
Northwest: Scrap steel in Northwest China is running steadily, and the mainstream transaction prices in Shaanxi are 2500-2580 for steel bar pelletization, 2440-2510 for 10 thick heavy scrap, 2400-2460 for 8 thick heavy waste, and 2390-2460 for steel briquetting. The arrival of scrap steel from 14 sample steel mills in the five northwest provinces was 10,000 tons, a decrease of 00,350 tons from the previous working day. However, the cost of coke has fallen, and the cost of molten iron has been reduced far more cost-effectively than scrap, and some blast furnaces have begun to reduce the proportion of scrap steel, only ensuring the amount of steel that must be used for daily cooling.
In order to ensure normal production, steel mills can only raise prices to purchase, but the overall effect is not obvious, and the arrival of steel enterprises is poor. In the current shortage of stock, scrap steel has temporary support, but if there is negative news to make the disk downward, in the case of scrap steel without molten iron has an advantage, steel mills will not hesitate to press down scrap prices, so it is recommended that you pay more attention to the trend of finished steel to control reasonable profit margins, fast in and out, and bag for safety. It is expected that the short-term scrap will be reasonably adjusted according to its own arrival.
【Central China】
Hubei: Since yesterday, the local price has remained stable after the rise. Although Shagang rose by 50 yesterday, the market is looking forward to the rise mentality, but from the price after the rise, there is still a certain gap with the current actual level, coupled with the slightly weak performance of the snail, as well as the increase in the arrival of local steel mills and other factors, it is predicted that the short-term local steel mills will choose to stay stable and wait-and-see.
At present, the mainstream market price in Hubei Province is 2600-2650 yuan/ton of steel bar pelletizing, 6-10 thick steel plate qualified material is 2450-2550 yuan/ton high, 6-10 thick and heavy waste qualified material is 2400-2500 yuan/ton, 10 thick heavy waste qualified material is 2500-2550, 6-10 heavy waste wool is 2350-2450, all cold and hot rolled white iron is 2430-2530 yuan/ton, and 2-4 thick shear material is 2230-2280 yuan / tons, steel bar lump 2430-2480 yuan/ton, for reference only.
Hunan: Since yesterday, the local area has remained stable. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2400-2450, steel bar head 2520-2570, machine pig iron 2370-2420. A total of 4 sample steel mills in Hunan Province received 10,000 tons of scrap per day, a decrease of 1,600 tons from the previous working day. Judging from the data, due to the long-term price increase, coupled with the fact that Shagang rose by 50 yesterday, the arrival of local steel mills has dropped significantly, and there is also the possibility of pulling up and absorbing goods in the short term. However, the premise of the price increase is still the support of the snail, but from the current point of view, the high level of the snail continues to fluctuate, and the follow-up momentum is lacking.
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Henan: Today, local scrap steel is running steadily. At present, Anyang and Zhengzhou steel sheets are 6-10 thick 2500-2550 yuan/ton, and heavy waste 6 thick is 2400-2450 yuan/ton, excluding tax. A total of 16 sample steel mills in Henan received 15,400 tons per day, an increase of 00,500 tons from the previous working day. Although the arrival volume of steel mills has continued to grow in a narrow range every day since Tuesday, there are still a small number of steel mills that have arrived less than the daily consumption, and the demand for replenishment on weekends is obvious, which has some support for scrap for the time being. However, considering the poor profits of steel mills and the limited room for scrap to rise, it is expected that local scrap will not change much in the short term, and it will remain stable and wait-and-see.
【South China】
Guangdong: The local scrap steel is mainly stable, and the mainstream of ordinary punching in Zhongshan is 2380-2430 (Xiaolan pure cold sheet 2480-2530), die steel 2550-2600, ordinary punching mainstream in Foshan is 2380-2430, pure cold plate is 2460-2510, silicon steel sheet is 2450-2500, steel bar head is 2460-2560, and 6 heavy waste (wool) is 2430-2480.
Considering that there are more shipments from the base in recent days, the arrival of steel mills has increased significantly compared with before, and the inventory has eased, so the supply may fall in the later period, and it is expected to stabilize the operation in a short period of time.
Guangxi: Today, local scrap steel is running steadily. At present, the scrap steel market in Liuzhou is temporarily stable: 2200-2250 punching edge material, 2550-2600 cold and hot rolling, 2500-2550 metal punching (including galvanizing), 2550-2600 pure automobile sheet, 2480-2530 steel particles, 2500-2550 steel briquetting, 2380-2480 heavy waste, 2430-2480 large molds, 2480-2530 small molds, and 2400-2450 pig iron cast steel.
Guangxi Province is still not strong in the current market shipment willingness, the overall arrival of steel mills is low, it is difficult to maintain daily consumption, although the current disk continues to rise, but considering the profit problem of electric furnace plants, the willingness to continue to pull up is poor, and blast furnace plants also take into account the high cost performance of molten iron, reduce the amount of scrap steel, so the short-term local scrap market is more stable operation, individual adjustment as needed.
【Southwest China】
Yungui: Today, local scrap steel is stable. The snail is red, the peripheral price rises, the market has a psychology of looking forward to rising, coupled with the shortage of wool resources, the overall shipment is average, and the current production of steel mills is not profitable, coupled with the consideration of poor expectations for the future, the price increase attitude is cautious, but the inventory of each plant is generally low, in the case of arrival to maintain a low level, scrap steel has a certain support, and it is expected that the short-term stability will be dominated by a narrow range.
Today, the mainstream reference price in Yunnan and Guizhou is 2420-2520 yuan/ton for steel bar pelletization, 2320-2400 yuan/ton for high-quality and heavy corner materials, 2500-2570 yuan/ton for Guizhou steel bar pelletizing, 2410-2470 yuan/ton for pig iron heavy waste, and high price for good materials.
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Sichuan and Chongqing: Sichuan and Chongqing scrap steel stable and strong operation, up 10-40, Sichuan mainstream transaction price: pig iron steel parts 2440-2490, steel head 2450-2530, excellent, heavy scrap 2410-2510, scrap 2360-2440, shear 2250-2310, specific looks, for reference only.
Today's snail is red and volatile, the market is still looking forward to the upward sentiment, some venues are fast in and out, and resources are mostly flowing out to the surrounding areas with high prices. At present, the arrival of steel enterprises in the province continues to be lower than the daily consumption, the production demand is not reduced, and the shortage of resources makes the scrap price form a certain support, but considering that most steel companies are in the loss, the upside of scrap prices is limited, and it is expected that the short-term local scrap will be adjusted in a narrow range according to its own situation.
April 12 overseas scrap prices and information
1. The fundamentals have improved, and black futures have rebounded after falling deeply
After entering April, the domestic black futures changed the previous decline and ushered in a volatile rebound market, with the black industry chain index rising by more than 7%. Industry insiders said that after a sharp decline in the early stage, steel prices have over-fallen rebound repair needs. In addition, the recent improvement in steel terminal demand and the acceleration of destocking have also provided impetus for the rebound of black futures. However, considering the impact of factors such as the real estate market and the pressure of local government bonds on the demand of the steel market, it is expected that the rebound of black futures prices in the future market will be limited.
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2. Taiwan, China: Imports increased in March
Taiwan's scrap imports in March were about 246,000 mt, up 23% from the previous month. Among them, the United States accounted for the largest proportion of total scrap imports, up 51% month-on-month to about 116,000 tons. Other import sources include Japan (about 39,000 tonnes) and Dominica (about 15,000 tonnes).
3. Turkish scrap: The price of imported scrap fell by $5/mt month-on-month, and Eid al-Fitr kept steelmakers away from the market
In the Turkish imported scrap market, activities remain suspended due to religious holidays. There were several deals earlier this week with HMS bookings (90:10) from US scrap recyclers at $387/mt CFR. Turkish steelmakers have mostly been quiet and slow to move during the Ramadan-related festivities, with market insiders expecting an increase in import activity in the post-holiday week and steel mills resuming bookings for May shipments.
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4. Crude steel production declined, and scrap imports in February fell by 12% month-on-month
Turkey's scrap imports fell 12% month-on-month to 1.63 million tonnes in February from 1.86 million tonnes in January, up 33% from 1.23 million tonnes a year earlier. Scrap imports from the US fell sharply by 50% month-on-month in February, to 180,000 mt from 360,000 mt in the previous month. Turkey's imports of steel scrap from Belgium fell 33% to 160,000 mt in February, compared with 240,000 mt in the previous month. Turkey's crude steel output in February was 3.08 million mt, down 5% from 3.25 million mt in January, according to the World Steel Association (WSA).