Summary of today's scrap market
Yesterday, the country's scrap steel was stable and strong. Today, 6 have risen and 0 have declined. During the weekend, the scrap market operated steadily and strongly, and the overall spot transaction was average. Considering that the overall supply of circulating goods in the market is small, some steel companies have short-term replenishment needs, but at the same time, it is still necessary to pay attention to the lack of cost performance of scrap steel under molten iron suppression, the profits of steel enterprises are upside down, and it is difficult for scrap steel to fluctuate sharply.
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On April 15, Zhangjiagang scrap arrival statistics: 5,000 tons of cargo were unloaded in Zhangjiagang yesterday, a decrease of 3,400 tons from the previous day, and about 27 scrap steel ships at the wharf this morning (+2 compared with yesterday morning), with about 52 cars (-41 compared with yesterday morning).
On April 15, the national scrap steel main stabilized. The price increase is mainly distributed in Shandong, with an increase of 10-50, and the price decline is mainly distributed in Hebei and Guangdong, with a decrease of 10-20. After the price increase in the early stage, the market shipments have increased, and the arrival of most steel mills has risen; the price of coke is about to rise, and the cost of molten iron will further rise at that time; the overall spot transaction of steel is average, the transaction at low price is acceptable, and the mainstream price is weak.
On the whole, the current production profits of steel mills are generally not ideal, and the support of scrap as a raw material is insufficient;
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: 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 55,600 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, an increase of about 2,000 tons from the previous working day and an increase of about 3.7% month-on-month. Steel mill scrap inventory is low, although after a slight price increase last week, individual arrivals have increased, but the overall is still insufficient daily consumption, the current spiral disk side shock, if there is no large fluctuation, the market is more wait-and-see, scrap prices are stable, considering that the profits of steel mills are still not ideal, it is expected that the short-term local scrap steel rise space is limited and more stable and wait-and-see operation.
Shandong Daily Commentary: Today's steel mills in the province are steadily raised, including Thai Steel +30 and Meide +50. Today, 18,730 tons of scrap steel from 23 sample steel mills in Shandong Province arrived, an increase of 2,600 tons from last Friday. Since the weekend, the out-of-stock steel mills have begun to pull up and absorb goods, and the arrival of various steel mills has increased so far, which can basically be the same as consumption, and individual can be higher than consumption. Today's snail opening shock weakened, coupled with the arrival of some improvement, the willingness of steel mills to raise prices has faded slightly, more wait-and-see, it is expected that today's scrap steel will be stable.
Fujian Daily Review: Today's local scrap steel is running steadily. 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 36,100 tons of scrap steel, an increase of 5,700 tons from the previous working day. This period of snail shock operation, the market is running fast in and out. Although the arrival volume has increased, it is still less than the daily demand, and more inventory production is consumed. In the short term, steel enterprises are waiting for replenishment. Scrap prices are temporarily supported, and it is expected that in the short term, local scrap will adjust its operation according to its own inventory.
Shanghai Daily Review: Today's local scrap steel main stable operation, up 20 on the weekend, the current mainstream material type: steel plate, abrasives 2530-2640, cold-rolled material 2450-2500, silicon steel sheet 2520-2570, steel bar pelletizing 2590-2640, baled steel bar 2470-2520, heavy waste 2480-2530, shavings 2170-2270, color steel tile 2030-2080. Although the arrival of steel companies is not high, the market supply is still tight, but the finished product transaction is average, the profits of steel companies are not good, scrap steel has no advantage in terms of cost performance compared with molten iron, steel enterprises are relatively cautious in procurement, and the short-term upward momentum is limited.
Jiangxi Daily Review: Today's local scrap steel is running steadily, and the current local mainstream steel mill prices: 2460 for good weight, 2430 for heavy scrap, 2370 for medium scrap, and 2270 for ordinary shavings. A total of 7 sample steel mills in Jiangsu Province received 20,400 tons/day of scrap, an increase of 3,100 tons/day from the previous working day. Today's market is in a narrow range, and the market is afraid of the risk of falling back after rising to speed up shipments, and the arrival of scrap steel in the province has risen significantly. Next week, some steel companies will prepare for May Day stocking, so there is no possibility of a sharp fall for the time being, but the upside is also insufficient, and merchants can adjust shipments according to their own inventory. It is expected that in the short term, local steel enterprises will mainly adjust according to their own needs.
Anhui Daily Review: Today, the local scrap steel is running steadily, and the current 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 24,900 tons/day of scrap, an increase of 1,900 tons/day from the previous working day. After the early rise, the arrival of steel mills in the province has rebounded, which can basically meet the daily consumption. Considering that the May Day holiday is imminent, steel mills are expected to replenish the warehouse, so in the short term, scrap support is acceptable, and local demand adjustment is the mainstay.
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Zhejiang Daily Review: Today's local scrap steel is running steadily. Taozhuang scrap: steel bar pelletizing 2600-2620, horseshoe 2540-2590, hot and cold rolling 2490-2510, silicon steel sheet 2560-2570, plate edge 2520-2570, steel head 2490-2540, white galvanized 2430-2450, steel planer 2230-2280. The five sample steel mills in Zhejiang Province arrived 10,300 tons of scrap yesterday, an increase of 3,300 tons from the previous period. This issue of the snail holding the green downward, the market tension spread, and some freight yards began to intend to ship on the high. At present, the profits of steel enterprises are poor, the cost of raw materials is high, and coke is expected to continue to fall, the short-term scrap support is weak, and it is expected that the scrap steel in the province will operate in a narrow range in the near future.
【North China】
Hebei Daily Review: Today's local scrap steel main stable tone, of which Long'an fell 20, Ruifeng fell 10, and the current 48 sample steel mills in Hebei Province have 119,400 tons of scrap steel, an increase of about 2,900 tons from the previous period. Recently, the price of local steel mills has been adjusted in a narrow range, most of the steel mills in the province have arrived at a high level, the overall is greater than the average level of daily consumption, the disk has held a green narrow range in recent days, and the steel mills have received more stable goods, and the willingness to adjust the price is not strong.
Tianjin Daily Review: Today's Tianjin scrap steel is stable, Dongli Tiangang steel bar briquetting 2655, Tiangang United steel bar cutting head 2840, Ronggang heavy A2660, Tianjin 3 sample steel enterprises arrived yesterday 03,500 tons, an increase of 00,500 tons over the previous working day. The total amount of scrap used by local steel mills is low, the willingness of manufacturers with sufficient inventory to raise prices is not strong, and the transaction of finished steel products is average, and the price performance is still uncertain, so it is expected that local scrap will be mainly stable and wait-and-see for the time being.
Shanxi Daily Review: Today's market scrap prices are mainly stable, and the purchase price of mainstream material types of existing Shanxi steel mills: steel bar pelletizing 2700-2760, 10 heavy waste 2600-2680, 10 thick scraps 2620-2670, steel briquetting 2540-2640, 1.8 specific gravity crushed material 2430-2520. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 0.92 million tons/day, an increase of 0.06 million tons/day from the previous period. After the snail shock, the steel mills rose in the early stage, the market began to ship a small amount, but the overall arrival of steel enterprises remained low, and the short-term scrap still had support under the tight supply situation, and it is expected that the short-term local scrap steel will remain stable and rising.
Inner Mongolia Daily Review: Today, the local market is running steadily, 6 heavy waste 2350-2460, 8-12 heavy waste 2430-2530, 3-5 thick total material 2220-2320. Today, the arrival of scrap steel from steel mills in Inner Mongolia Province was 4,910 tons, a decrease of 2,400 tons from the previous working day. Due to the province's part of the scrap steel price relative to the peripheral steel mills have no obvious advantages, part of the scrap supply into Hebei, Shanxi and other places, steel mills in general, individual out-of-stock steel mills over the weekend slightly raised the price of scrap, absorbing replenishment, considering that the province's steel mill inventory and profits are still under pressure, and scrap steel relative to molten iron has no good advantage in cost performance, so the steel mills continue to raise the price of scrap steel is not strong, is expected to run stable in the short term.
【Tohoku Region】
Daily review of the three eastern provinces: today's scrap steel in the region is stable and rising, plate 2660-2720, heavy scrap 2640-2690, 31 sample steel mills in the three northeastern provinces of scrap steel arrival of 19,000 tons, a decrease of 01,000 tons from the previous working day, steel mills have arrived to varying degrees during the weekend, some factories have arrived well after the rise, the current futures market trend is volatile, coke wants to open the first case of rise, and the follow-up needs to observe whether the price of raw materials can stabilize, whether the cost performance of scrap can rebound, it is expected that the short-term scrap steel will continue to stabilize the trend, and individual out-of-stock steel mills may have measures to make up for the rise.
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【Northwest Territories】
Northwest Daily Review: Northwest steel scrap is running steadily, and the mainstream transaction prices in Shaanxi are: steel bar pelletizing 2500-2580, heavy scrap 10 thick 2440-2510, heavy waste 8 thick 2400-2460, and steel bar briquetting 2390-2460. The arrival of scrap steel from 14 sample steel mills in the five northwest provinces was 9,200 tons, a decrease of 00,800 tons from the previous working day. Although today's snail shock, but the inventory of steel mills is at a low level, for scrap steel temporarily supported, it is expected that the short-term scrap steel will be stable and wait-and-see operation.
【Central China】
Hubei Daily Review: So far over the weekend, the local area has remained stable. With the shock of the snail holding green, the arrival of steel mills has increased significantly, considering that many steel mills still have the need to replenish the warehouse, in the case of no major changes in the finished product, more stable wait-and-see. A total of 16 sample steel mills in Hubei Province received 30,500 tons of scrap per day, an increase of 1,600 tons from the previous working day. At present, the mainstream market price of steel bar pelletizing is 2600-2650 yuan/ton, 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 thick and 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 Daily Review: Since the weekend, some local steel mills have risen by 20 yuan/ton. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2420-2470, steel bar head 2540-2590, machine pig iron 2390-2440. A total of 4 sample steel mills in Hunan Province received 10,100 tons of scrap per day, an increase of 00,100 tons from the previous working day. Although local steel mills in Hunan rose by 20% over the weekend, prices are still low compared with surrounding provinces, and the outflow of local goods is obvious. Considering that the snail shock is green, it is predicted that the short-term local will remain stable and wait-and-see.
Henan Daily Review: Since the holiday, the local scrap steel has been running steadily and strongly, with Yaxin up 30-50, Wugang up 30, and Xinpu up 20. 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 arrived at 15,400 tons/day, unchanged from the previous working day. The total daily consumption increased by 00,500 tons compared with the previous working day, and the arrival of goods barely met the daily consumption. In the case of no change in the arrival of goods, the production demand has not decreased, so that the price of scrap steel has some support for the time being, but considering that most steel companies are still in the loss, the upside of scrap prices is limited. In the short term, local scrap is expected to remain on the sidelines.
【South China】
Guangdong Daily Commentary: Today's local scrap steel is stable in the middle of the tone, of which Shengli fell 20, Dawei fell 20, Jin Shenglan rose 20, etc. At present, 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. At present, 61,200 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, a decrease of 20,900 tons from the previous month. Considering that the losses of steel mills are still more, and the upside space of scrap steel is limited, it is expected to stabilize the operation in a short period of time.
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Guangxi Daily Review: Today, local scrap steel is running steadily. At present, the scrap steel market in Liuzhou is temporarily stable: 2230-2280 punching edge material, 2570-2620 hot and cold rolling, 2520-2570 metal punching (including galvanizing), 2570-2620 pure automobile sheet, 2520-2570 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. The scrap steel of 14 sample steel mills in Guangxi Province arrived at 24,600 tons, an increase of 00,400 tons from the previous month. Today's disk holds green shock operation, some steel mills in the periphery have price drop operations, but at present, the overall shipment of scrap steel in the province is less, and the arrival of steel mills is at a low level, so it is mainly wait-and-see, considering that the current steel mill profits are upside down, and the upside of scrap steel is limited, it is expected that the scrap steel market in Japan will be stable in a narrow range of shocks.
【Southwest China】
Yungui Daily Commentary: Today's local scrap steel is stable. The trend of the snail is volatile, the market is expected to rise loosely, but the surrounding peripheral market prices are higher than the local, resulting in the outflow of some sources, in order to ensure the production of stable supply, some steel mills have a dark rise operation, but considering the current production is not profitable, the tension is limited, it is expected that the short-term main stability, individual demand narrow range adjustment operation. Among the 13 sample steel mills in Yunnan-Guizhou today, 15,900 tons of scrap arrived yesterday, an increase of 2,300 tons from the previous working day. The mainstream reference price is 2420-2520 yuan/ton for Yunnan steel bar pelletization, 2320-2420 yuan/ton for high-quality 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.
Sichuan and Chongqing Daily Review: Sichuan and Chongqing scrap steel main stable operation, Sichuan mainstream transaction price: pig iron steel parts 2440-2490, steel bar head 2450-2530, excellent and heavy scrap 2410-2510, medium scrap 2360-2440, cut 2250-2310, specific look, for reference only. According to today's survey, the arrival of scrap steel from 19 sample steel mills in Sichuan and Chongqing was 36,400 tons/day, an increase of 5,200 tons/day from the previous period. The performance of the snail rush is weak, and some sites 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 15 Overseas Scrap Prices and Information
1. South Korean scrap: major steel mills will reduce the purchase price of scrap by 10,000 won/ton (52.3 yuan/ton)
SeAHChangwon Special Steel announced that it will reduce the purchase price of scrap by 10,000 won/ton from the 15th, and Hyundai Steel's Pohang plant will also reduce the price by 10,000 won/ton from the same day, and Korea Special Steel and Korea Steel will reduce the price by 10,000 won/ton from the 16th.
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2. Bangladesh scrap: Due to the improvement of the foreign exchange situation, scrap imports increased month-on-month in March 24
Bangladesh is a major importer of bulk scrap in South Asia, with its bulk scrap imports rising significantly in March 2024. The country's imports totalled 313,100 mt, up from 17.44 mt in the previous month and up 79% compared to 174,800 mt in March 2023. From January to March, the total import volume reached 696,100 tons, a significant increase of 55% from 449,700 tons in the same period last year. The surge in imports can be attributed to several factors: pent-up demand as a result of the national elections held in January, an increase in foreign exchange reserves, and improved bank letter of credit (LC) approvals. In addition, there has been an increase in construction and infrastructure activity after the elections. The monthly average price of U.S.-origin bulk HMS (80:20) was $404/mt CFR in March, compared to $432/mt CFR (3,127 yuan) in February, and the monthly average price of Japan-origin bulk H2 was $400/mt CFR, compared to $428/mt CFR (3,098 yuan) in February.