Summary of today's scrap market
Yesterday, the country's scrap steel was stable and strong. Nine have risen and three have fallen today. Yesterday's snail shock held green, billet also fell slightly 20 performance, market pessimism began to appear, some steel mills have begun to tentatively reduce prices. Of course, after all, the May Day holiday is coming, coupled with the fact that the steel market has not fallen in a large area, the market as a whole tends to be a wait-and-see situation, and it is predicted that today's more shocks will be adjusted, and it is recommended to ship at a high price.
On April 23, Zhangjiagang scrap steel arrival statistics: 3,700 tons of cargo were unloaded in Zhangjiagang yesterday, an increase of 700 tons from the previous day, and about 37 scrap steel ships at the wharf this morning (+11 compared with yesterday morning), with about 156 cars (+93 compared with yesterday morning)
On April 23, the national scrap steel shock was strong. The steel mills that rose in price were mainly distributed in Jiangsu, Henan, Liaoning, Shanxi and other places, with an increase of 20~60 yuan/ton, and the steel mills that fell in price were distributed in Hebei, and Guangdong fell by 10~30 yuan/ton. The macro good news stimulated the market to rise in red, the billet transaction was strong, and the market expectation was better. Some businesses are shipping at high prices, and today's arrivals have rebounded significantly compared with the previous days; resources in various regions are tight, and some freight yards are rushing to raise prices; the cost of molten iron has risen, although the profits of various steel enterprises are not good, but there is no obvious reduction in production for the time being, and the pre-holiday demand is better.
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Overall: due to the rise in futures to boost market confidence, although the arrival has risen, but the market shortage status has not improved, the current inventory level of each plant has declined, considering the recent rise in coke, scrap cost performance rise, demand support is better, it is expected that the national scrap steel will be stable in the near future.
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 stable in a single tone. At present, the mainstream transaction prices of steel enterprises: 2650-2700 for 6 thick steel sheets, 2650-2700 for 6 heavy waste, 2490-2540 for 2-4 shears, 2480-2560 for shavings, and 2610-2660 for organic pig iron. Today, about 69,200 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, an increase of about 5,500 tons from the previous working day and an increase of about 8.6% month-on-month. Affected by yesterday's disk decline, the market shipment speed accelerated, and the arrival of high-quality steel enterprises in the province increased a lot;
Shandong Daily Commentary: Today's scrap steel prices in the province are mainly stable, and the arrival of steel mills in the province has increased compared with the previous day, but there are also individual steel mills that are not in use and have begun to consume inventory, but the overall situation is in a good state. According to statistics, 23,400 tons of scrap steel from 23 sample steel mills have arrived, an increase of 7.83% from the previous day. Yesterday's snail fluctuated downward, and the billet was slightly lowered, and some businesses began to panic, but today's snail and billet began to rise again. Considering that it is close to May Day, the steel mills have the demand for stockpiling, and the recent arrival is not at a high level, even if the scrap follows the decline of related varieties, the space and duration will be limited, and there is still a wave of upward adjustment before the coke festival, and it is expected that the short term will still be dominated by strong shocks.
Fujian Daily Review: Today's local scrap steel owners are running steadily. Qingtuo Industrial part fell 20.The mainstream transaction price of steel mills: steel sheet 6 thickness 2660-2800, heavy waste 6 thickness 2610-2730, steel bar pelletizing 2670-2820, cold rolled material 2620-2710. Yesterday, a total of 17 sample steel mills in Fujian Province received about 42,200 tons of scrap steel, an increase of 00,800 tons from the previous working day. This period of snails held red upward, the market has a lot of anticipation of rising sentiment, some steel enterprises are still not ideal, the holiday is approaching steel enterprises still have the need to replenish the warehouse, coupled with the coke plan for three rounds of increases, raw material cost support is strong, it is expected that the local market will not have the risk of falling sharply in the short term, and it will be stable in a narrow range to adjust the operation.
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Shanghai Daily Review: Today's local scrap part rose 20-30, and the current mainstream material types: steel plates, abrasives 2630-2680, cold-rolled materials 2530-2580, silicon steel sheets 2600-2650, steel pelletizing 2650-2700, baled steel bars 2550-2600, heavy waste 2530-2580, shavings 2250-2350, color steel tiles 2100-2150. The current snail shock is strong operation, although there is no good release, but the old for the new, crude steel control and other positive factors, short-term optimistic, plus the May Day holiday is approaching, steel mills have replenishment demand, and coke before the festival is still possible the third round of the possibility of rising, the finished product high support is strong, but the profits of steel enterprises are not good, the upside is also limited, it is expected that the short-term stable narrow range of strong operation.
Jiangxi Daily Review: Today's local scrap steel is stable and rising, Fangda Special Steel is up 30-40, and there is no change in others. At present, the mainstream material price in Jiangxi market: heavy scrap 2380-2480, medium scrap 2360-2410, total scrap 2300-2360, light and thin material 2060-2100. Today, about 20,500 tons of scrap steel from 7 sample steel mills in Jiangxi arrived, an increase of about 5,500 tons from the previous working day. Futures weakened yesterday, coupled with the fact that the price in Jiangxi Province has a certain advantage over the surrounding areas, and the market is afraid of falling and accelerating shipments. However, considering that the billet rose by 20 today, the scrap price is temporarily supported, and the local scrap is predicted to be stable and strong.
Anhui Daily Review: Today's local scrap steel main stable operation, Langxi Hongtai rose 20, Wuhu Fuxin rose 30, Guangde Lixin fell 10, and now the local mainstream factory price: steel sheet 2630-2680, heavy waste 2530-2630, shear 2430-2530. A total of 14 sample steel mills in Anhui Province received 25,500 tons/day of scrap, an increase of 2,300 tons/day from the previous working day. The snail stopped falling and rebounded, market confidence has recovered, and the May Day holiday is approaching, and the demand for steel mills to replenish the warehouse is more urgent, so in the short term, scrap is easy to rise and difficult to fall, and it is expected that local scrap will remain stable and strong.
Zhejiang Daily Review: Today's local scrap steel is running steadily. Taozhuang scrap: steel bar pelletizing 2690-2710, horseshoe 2620-2670, cold and hot rolling 2580-2600, silicon steel sheet 2650-2660, plate edge 2610-2660, steel head 2570-2620, white galvanized 2500-2520, steel planer 2280-2330. The five sample steel mills in Zhejiang Province arrived 9,600 tons of scrap yesterday, an increase of 1,300 tons from the previous period. Affected by the macro good news, the disk held red and rose, and some surrounding steel companies made up for the rise, and the market price was relatively firm. At present, the profits of the electric furnaces are poor, but there is no reduction in production, and there is still a demand for replenishment near the holiday.
【North China】
Hebei Daily Commentary: Today's local scrap steel owners are stable, of which the dedicated part rose 50, Ruifeng fell 10, and China Railway rose 20. The mainstream transaction price in Tangshan area: weight A2720-2750, flower iron briquetting 2750-2780, steel bar cutting head 2830-2850, excluding tax. At present, 120,400 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, a decrease of about 1,700 tons from the previous period. Today's major local steel mills have increased and decreased, but most of them still meet the daily consumption, the current spot fluctuations are not large, the market mostly maintains a fast-in and fast-out business model, the steel mill mentality is also relatively peaceful, it is difficult to pull up scrap steel in the case of no shortage of goods, the current May Day is coming, scrap wool output is likely to continue to decrease, a certain support for scrap travel, it is expected that short-term scrap steel will run smoothly, and individual supplements.
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Tianjin Daily Review: Today's Tianjin scrap steel is stable, Dongli Tiangang steel bar briquetting 2746, Tiangang United steel bar cutting head 2840, Ronggang heavy A2700, Tianjin 3 sample steel enterprises arrived yesterday 05,000 tons, a decrease of 00,600 tons from the previous working day. At present, the steel market trend is volatile, the upper and lower adjustments are limited, scrap steel merchants in a stable market, step-by-step shipments, in addition to individual steel mills still have stocking needs, so scrap prices are mainly strong.
Shanxi Daily Review: Today's market scrap prices are stable and rising, Liheng rose 20, Gao Yi rose 20, Jin Ye rose 20-30, the existing Shanxi steel mill mainstream material type purchase price: steel bar pelletizing 2730-2780, 10 heavy waste 2630-2690, 10 thick scraps 2660-2710, steel briquetting 2630-2680, 1.8 specific gravity crushed material 2470-2520. Today, the arrival of scrap steel from 19 sample steel mills in Shanxi Province was 15,500 tons/day, a decrease of 00,600 tons/day from the previous period. Considering that the holiday is approaching, in order to ensure that the production of steel enterprises have a pull up behavior, it is expected that the short-term local scrap steel will run steadily and strongly.
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 steel scrap in Inner Mongolia Province was 07,260 tons, an increase of 00,100 tons from the previous working day, the snail trend fluctuated in recent days, the situation is unknown, the market maintained the normal pace of shipments, and the arrival of steel mills barely maintained daily consumption, but considering that with the rise in coke, the cost of molten iron has risen, and the profit margin of steel mills has been compressed, so the short-term steel mills in the province may continue to wait and see the follow-up trend, and it is expected that the short-term scrap will continue to operate steadily.
【Tohoku Region】
Daily Review of the Three Eastern Provinces: The main stable operation in the province is today, with 2690-2740 plate armor and 2620-2670 heavy waste, and 20,900 tons of scrap steel from 31 sample steel mills in the three northeastern provinces, a decrease of 0.03 thousand tons from the previous month. Yesterday's billet and futures performance was poor, disturbing the market mentality, businesses to speed up the pace of shipments, the future of steel mills to arrive or begin to increase;
【Northwest Territories】
Northwest Daily Review: Northwest steel scrap is running steadily, and the mainstream transaction prices in Shaanxi are: steel bar pelletizing 2680-2730, heavy scrap 10 thick 2600-2650, heavy waste 8 thick 2550-2600, and steel bar briquetting 2620-2670. 15,500 tons of scrap steel from 14 sample steel mills in the five northwestern provinces arrived, an increase of 3,400 tons month-on-month. Affected by yesterday's green disk, the pace of site shipments has accelerated, and the arrival of steel companies has increased, but it is still not as good as the daily consumption. Although there is a demand for replenishment to support scrap prices, local steel companies have limited profits, and the price adjustment is more cautious, and it is expected that in the short term, local scrap owners will stabilize their operations.
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【Central China】
Hubei Daily Review: Since yesterday, the local area has been stable and wait-and-see. Since yesterday, the snail has stopped falling and rebounded, and the billet has also risen slightly by 20, which has a certain boost to the scrap market. It's just that the previous price drop has led to an increase in the arrival of some steel mills, and the short-term operation is more cautious. Considering that the bid price of Wuhan Iron and Steel is rising today, it is not ruled out that the remaining steel mills may follow suit slightly. A total of 16 sample steel mills in Hubei Province received 30,400 tons of scrap per day, a decrease of 00,100 tons from the previous work. At present, the mainstream market price of steel bar pelletizing is 2630-2680 yuan/ton, 6-10 thick steel plate qualified material is 2480-2580 yuan/ton, 6-10 thick and heavy waste qualified material is 2430-2530 yuan/ton, more than 10 thick heavy waste qualified material is 2530-2580, 6-10 thick and heavy waste wool is 2380-2480, all cold and hot rolled white iron is 2460-2560 yuan/ton, and 2-4 thick shear material is 2260-2310 yuan/ ton, steel bar lump 2460-2510 yuan/ton, for reference only.
Hunan Daily Commentary: Since yesterday, the local price has remained stable after the rise. At present, the mainstream transaction price in Hunan market: heavy waste 6 thick 2500-2550, steel bar head 2620-2670, machine pig iron 2470-2520. A total of 4 sample steel mills in Hunan Province received 13,400 tons of scrap per day, an increase of 1,800 tons from the previous working day. Recently, the continuous rise, coupled with the number of high-priced contracts signed in secret, has significantly increased the arrival of steel mills. However, considering that the current arrival is still less than the daily consumption, and the billet has risen by 20 again, there is a certain support for scrap, and it is predicted that the short-term demand adjustment will be the mainstay, and there is a possibility of a slight increase.
Henan Daily Review: Today's local scrap steel is mainly stable and strong. Yongxing rose 50, and Angang rose 40-60. Now Anyang and Zhengzhou steel sheet 6-10 thickness 2580-2630 yuan/ton, heavy waste 6 thickness 2480-2530 yuan/ton, excluding tax. A total of 16 sample steel mills in Henan received 18,700 tons per day, a decrease of 0.015 million tons from the previous working day. This snail is running in shocks, and the market's expectation of rising sentiment has weakened. A small number of steel companies reported that the recent arrival was less than the daily consumption, which made the short-term scrap price temporarily supportive. It is expected that the local scrap main will be stable and strong in the short term.
【South China】
Guangdong Daily Review: Today's local scrap steel fell steadily, the dedicated base in northern Guangdong fell 20, and Yueyufeng fell 10. At present, the mainstream of ordinary punching in Zhongshan is 2430-2480 (Xiaolan pure cold sheet 2530-2580), die steel 2600-2650, ordinary punching mainstream in Foshan is 2430-2480, pure cold plate is 2510-2560, silicon steel sheet is 2500-2550, steel bar head is 2510-2610, and 6 heavy waste (wool) is 2500-2550. At present, 62,700 tons of scrap steel from 32 sample steel mills in Guangdong Province have arrived, an increase of 4,300 tons from the previous month. Yesterday's downward trend, superimposed on the poor transaction of finished products, some steel mills fell slightly yesterday afternoon, the base is afraid of falling again, and the shipment speed has increased slightly compared with before. However, considering that May Day is coming, steel mills are expected to hoard warehouses, and the current inventory of some bases is small, the profits of steel mills have eased compared with before, and the pre-holiday is expected to be strong and volatile.
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Guangxi Daily Commentary: Today's local scrap steel rose steadily, of which the Guigang part rose by 30. At present, the scrap steel market in Liuzhou is temporarily stable: 2270-2320 punching edge material, 2600-2650 cold and hot rolling, 2550-2600 metal punching (including galvanizing), 2600-2650 pure automobile sheet, 2570-2620 steel particles, 2530-2580 steel briquetting, 2430-2530 heavy waste, 2450-2500 large molds, 2500-2550 small molds, and 2430-2480 pig iron cast steel. 26,900 tons of scrap steel from 14 sample steel mills in Guangxi Province arrived, an increase of 2,000 tons month-on-month. Due to the performance of yesterday's end is not optimistic, some steel mills in South China fell slightly, the market panicked shipments, and the overall arrival of steel mills increased, and now the disk is weak and then strong, and the superimposed coke is about to usher in the third round of increases, market confidence has been boosted, and it is expected that the short-term local scrap steel market is difficult to have a big fall risk, and it will be stable and stable.
【Southwest China】
Yungui Daily Review: Today's local scrap steel is running steadily. The snail is red, the billet rose slightly, the market is looking forward to the rise of the sentiment is not reduced, and the wool resources are tight and reluctant to sell, maintain a low frequency of shipments, the overall arrival of steel mills is low, but the steel mill in the case of no profit, scrap steel raw materials are still high, the price increase is cautious, and the demand for individual replenishment is obviously a dark rise operation, such as the arrival of goods continues to be low, the scrap steel in the region may have a slight upward trend, and it is expected that the short-term stable medium and narrow key operation is the main. Today, 13 sample steel mills in Yunnan-Guizhou area arrived 14,900 tons of scrap yesterday, a decrease of 00,800 tons from the previous working day. The mainstream reference price is 2550-2650 yuan/ton for Yunnan steel bar pelletizing, 2450-2500 yuan/ton for high-quality corner materials, 2550-2620 yuan/ton for Guizhou steel bar pelletizing, 2470-2520 yuan/ton for pig iron heavy waste, and high price for good materials.
Sichuan and Chongqing Daily Review: The main stable operation of scrap steel in Sichuan and Chongqing, the mainstream transaction price in Sichuan: pig iron steel parts range from 2480-2530, steel bar heads range from 2490-2570, excellent and heavy scrap range from 2450-2550, medium scrap ranges from 2400-2480, and shear materials range from 2290-2350. According to today's survey, the arrival of scrap steel from 19 sample steel mills in Sichuan and Chongqing was 40,500 tons/day, an increase of 6,300 tons/day from the previous period. Yesterday's snail green shock, with a slight drop of 20 billets, market panic emerged, the speed of site shipments accelerated, and the arrival of factories today increased significantly. However, with the black series turning red, market confidence has been boosted, coke is expected to rise in three rounds, the cost of raw materials is strong, and the market resources are tight, and the demand for replenishment of various factories is still there, and the short-term local scrap will fluctuate strongly.
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Overseas scrap prices and information for April 23
World crude steel output fell 4.3% in January and March
Global crude steel production fell 4.3% year-on-year to 161.2 million tonnes in March, according to Worldsteel. From January to March this year, global crude steel production increased by 0.5% year-on-year to 469.1 million tons. In March, Asia's crude steel output was 118.3 million tons, down 5.8%, of which China's crude steel output was 88.3 million tons, down 7.8%, Japan's crude steel output was 7.2 million tons, down 3.9%, India's crude steel output was 12.7 million tons, up 7.8% year-on-year, and South Korea's output was 5.3 million tons, down 9.5%.
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2. Chile approves temporary tariffs to prevent Chinese steel imports
The Chilean government has announced temporary import tariffs on some steel products originating in China. According to the announcement, there will be an import duty of 33.5% on steel balls for mills in China and 24.9% on Chinese rebar, both of which will be effective for the next six months. CAP Group's steel producer Siderúrgica Huachipato (CSH) has demanded higher import tariffs, alleging dumping prices on steel products imported from China.