Summary of today's scrap market
Yesterday, the country's scrap steel was weak. Affected by the reverse invoicing policy, individual suppliers across the country choose to suspend business or significantly reduce the price of scrap steel about 50-60 yuan in order to avoid risks, at present, most steel mills, supplier business has been adjusted, the situation is not clear, you can suspend the delivery of old iron, to avoid inventory losses, because steel mills still have a certain demand for scrap steel replenishment and do not dare to rashly fall sharply, more wait-and-see, is expected to be weak in the short term.
April 29 Zhangjiagang scrap arrival statistics: Zhangjiagang unloaded 11,500 tons yesterday, a decrease of 2,100 tons from the previous day, this morning wharf scrap ships about 26 (compared with yesterday morning -3), size about 145 (compared with yesterday morning +21)
On April 29, the national scrap steel operation was weak in a narrow range. The areas where the price decline is more concentrated are Hebei, Henan, Shanxi, Hubei and other places, with a decline of 10-100 yuan/ton. The current snail narrow range shock, renewable resources reverse invoicing policy implemented today, steel mills, bases are worried about rising costs, more than the price of the receipt performance, short-term market chaos, weak shocks. However, the May Day holiday is approaching, and retail investors are bound to affect the rhythm of holiday delivery due to the short-term suspension or wait-and-see policy.
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Analysis of the price trend of scrap steel in various provinces and cities today
【East China】
Jiangsu Daily Commentary: Today's local scrap steel is stable and weak. At present, the mainstream transaction prices of steel enterprises: 2630-2680 for 6 thick steel sheets, 2630-2680 for 6 heavy waste, 2490-2540 for 2-4 shears, 2420-2480 for shavings, and 2590-2640 for organic pig iron. Today, about 93,600 tons of scrap steel from 26 sample steel mills in Jiangsu arrived, a decrease of about 7,800 tons from the previous working day and a decrease of about 7.7% from the previous working day. Affected by the new tax policy, some bases and suppliers in the province have suspended business or price reduction to avoid risks in advance, short-term operation is uncertain, and the market shock is weak, but considering the advent of May Day and wait-and-see policy factors, the supply of scrap steel may be reduced to a certain extent, and the production demand of steel enterprises is still there, and scrap steel is still supported.
Shandong Daily Review: Today's local scrap steel is stable and weak: Luli-30, Elite-20. According to statistics, 23 sample steel mills have arrived at 28,000 tons/day. At present, the overall arrival of steel mills in the province is good, but affected by the reverse invoicing policy, most steel mills have adjusted their receipts, receiving prices, and supplier business. As a result, the panic in the market intensified, and the shipment was positive. The short-term market situation is not clear, the receipt situation is more chaotic, and the steel mills near May Day still have demand for replenishment and do not dare to rashly drop prices, and it is expected that the risk of a sharp decline in the scrap steel market in the short term is small.
Fujian Daily Review: Today's local scrap steel is stable and operational. Qingtuo fell 30.The mainstream transaction price of steel mills: steel sheet 6 thickness 2620-2780, heavy waste 6 thickness 2570-2710, steel bar pelletizing 2680-2800, cold rolled material 2580-2710. Yesterday, the arrival of scrap steel from 17 sample steel mills in Fujian was 67,900 tons/day, an increase of 9,400 tons/day from the previous working day. The market is chaotic at the moment. Considering that the holiday is approaching, steel enterprises in the province still have the need to replenish the warehouse, and it is expected that in the short term, local scrap steel will be adjusted in a narrow range on demand.
Shanghai Daily Review: Today's local scrap part fell 10, and the current mainstream material types: steel plates, abrasives 2580-2670, cold-rolled materials 2480-2530, silicon steel sheets 2600-2650, steel pelletizing 2630-2680, baled steel bars 2530-2580, heavy waste 2520-2570, shavings 2230-2330, color steel tiles 2080-2130. This period of snail narrow range shock, renewable resources reverse invoicing policy implemented today, steel mills, bases are worried about rising costs, more than the price of the receipt of performance, short-term market chaos is weak, but the May Day holiday is approaching, retail investors due to the policy short-term suspension or wait-and-see, is bound to affect the holiday delivery rhythm, plus coke continues to rise plan, the cost of finished products is supported by high prices, after the holiday policy gradually clears up or there is an opportunity to rise, is expected to be stable in the short term in a narrow range.
Jiangxi Daily Review: Today's local scrap steel is stable and weak, Ji'an Iron and Steel fell 20, and there is no change in others. At present, the mainstream steel mill prices in Jiangxi market: 2560 for 6 heavy waste, 2380-2530 for shear, 2320-2460 for shavings, and 2250-2550 for crushed material, for reference only. Today, about 22,700 tons of scrap steel from 7 sample steel mills in Jiangxi arrived, an increase of about 1,700 tons from the previous working day. Recently, the reverse invoicing policy has been introduced, and there are many rumors in the market, many bases have panicked and fallen prices, accelerated the pace of shipments, and the arrival of steel mills has surged, and even some have been pressurized. However, it is understood that there are still individual steel mills that have made it clear that there is a demand for replenishment on May Day and will not easily reduce prices. Therefore, the comprehensive forecast is more stable before the holiday, but it does not rule out the possibility of following the surrounding provinces to reduce prices, and it is recommended that businesses pay attention to risk aversion.
Anhui Daily Review: Today's local scrap steel is stable and weak, Huainan Hongtai fell 20-30, Lu'an Xinda fell 10, Guihang fell 20, and 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 30,100 tons/day of scrap, an increase of 1,100 tons/day from the previous working day. Affected by the new fiscal and tax policies, the market panic is stronger, there are many price hedging actions, shipments are positive, and the arrival of steel mills has also increased significantly. Considering the current market chaos, it is not excluded that the steel enterprises in the province that are stable and wait-and-see may also have a downward movement, and it is expected that the short-term local stability will be weak in a narrow range.
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Zhejiang Daily Review: Today's local scrap is running weakly. Taozhuang scrap steel part fell 10-20: steel bar pelletizing 2630-2650, horseshoe 2590-2620, cold and hot rolling 2530-2550, silicon steel sheet 2610-2620, plate edge 2570-2620, steel head 2520-2570, white galvanized 2460-2480, steel planer 2230-2280. Due to the imminent landing of reverse invoicing, a number of steel companies lowered their risk hedging, and the province's Yuanli, Huahong, and Yuxin fell 20, and the freight yards followed suit. At present, the fourth round of coke increases, and close to the holiday, the demand for replenishment is still there, after the tax reform adjustment will enter the adaptation period, it is expected that the province's scrap steel will be adjusted in a narrow range in the near future.
【North China】
Hebei Daily Commentary: Today's local scrap steel is weakly downward, and local mainstream steel mills have fallen by 50-100 yuan since last night. At present, the mainstream transaction prices in Tangshan are: weight A2710-2740, flower iron briquetting 2750-2770, billet head 2810-2850, steel sheet 2800-2850, steel bar cutting head 2810-2850, excluding tax. At present, 123,000 tons of scrap steel have arrived in 48 sample steel mills in Hebei Province, a decrease of about 3,800 tons from the previous period. Yesterday, the overall decline of scrap steel in the province was about 50-100 yuan, due to the promulgation of the reverse invoicing policy, suppliers and bases hedging in advance, falling the cost price in advance, the current inventory of the upstream base has been lost, and the arrival of steel mills has declined slightly, but because the current policy is unclear, there is no need to panic about shipments, and the follow-up steel mill arrivals have fallen, the policy is more standardized, and scrap will have a repair process, but the short-term market is mainly hedging or downward, and it is expected that the short-term scrap will decline in a narrow range.
Tianjin Daily Review: Today's Tianjin scrap steel prices are stable and weak, Dongli Tiangang steel bar briquetting 2750, Tiangang United steel bar cutting head 2885, Ronggang heavy A2730, Tianjin 3 sample steel enterprises arrived yesterday 08,100 tons. Local steel mills are in a normal state of receipt, but the market is affected by the tax stamp policy, the panic shipment mentality is aggravated, and the arrival of steel mills in the state of active shipments has increased significantly, considering that the short-term market will be in a state of chaos, so it is expected that the market will still run in a narrow and weak range.
Shanxi Daily Review: Today's market scrap steel prices are stable and adjusted, and the existing mainstream material purchase prices of Shanxi steel mills: steel bar pelletizing 2730-2790, 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 15,800 tons/day, a decrease of 2,700 tons/day from the previous period. "Reverse invoicing" continues to affect market sentiment, some businesses stop work and wait and see, some merchants actively ship, before the upstream and downstream have not found a good way to digest the new deal, the local scrap price is more narrow and weak.
Inner Mongolia Daily Review: Today's local market is weak, 6 heavy waste 2350-2450, 8-12 heavy waste 2420-2520, 3-5 thick material 2180-2240. Today, the steel mills in Inner Mongolia Province scrap arrived 10,800 tons, an increase of 2,300 tons over the previous working day, the peripheral market and steel mills affected by the tax stamp policy, to varying degrees, the price of scrap steel was lowered, some steel mills in the province also lowered the price of scrap steel last night, the price of the receipt, superimposed on the province's mainstream steel mills to arrive as a whole, so do not rule out the possibility that the mainstream steel mills in the province have also suppressed scrap recently, and it is expected that the short-term scrap will be weak.
【Tohoku Region】
Daily Review of the Three Eastern Provinces: Scrap steel in the region fell slightly, plate armor 2670-2720, heavy scrap 2600-2650, and the arrival of scrap steel from 31 sample steel mills in the three northeastern provinces remained high. At present, there is a trend of price reduction in the market, mostly due to the problem of reverse invoicing, hedging and price reduction in advance, some steel mill contract households also have price reduction actions, on the whole, the actual market decline has been greater than the decline in ticket points, and under the influence of market panic, the recent market arrivals have increased, with the advent of the May Day holiday, after the market panic mentality weakened, there will inevitably be a slight correction process, when the price will rise slightly, but the pre-holiday market must still maintain a weak situation, and it is expected that the market will continue to stabilize and run weakly tomorrow.
【Northwest Territories】
Northwest Daily Review: The scrap part of the northwest is running weakly, and the mainstream transaction prices in Shaanxi are: steel bar pelletizing 2680-2730, heavy scrap 10 thick 2600-2650, heavy scrap 8 thick 2550-2600, and steel briquetting 2620-2670. 19,700 tons of scrap steel from 14 sample steel mills in the five northwestern provinces arrived, an increase of 1,500 tons month-on-month. With May Day approaching, the festive atmosphere has begun to be strong, and the heavy rain in some areas has affected vehicle traffic, resulting in a decrease in the processing of waste materials and the overall output of the market. Although the change in the ticket tax has caused the market to panic about shipments, it is considered that the current supply and demand relationship is considered. It is expected that the short-term decline in Northwest scrap will be limited, and it will be reasonably adjusted according to its own inventory.
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【Central China】
Hubei Daily Review: Since yesterday, some local steel mills have fallen in price, with a range of around 20 yuan/ton. Many steel mills believe that active price reduction can reduce costs and avoid risks, and scrap bases are also worried that after the introduction of new fiscal and tax policies in the future, the cost of scrap shipments will increase, so they choose to ship to hedge. It is predicted that there is still a possibility of a decline in the short term. A total of 16 sample steel mills in Hubei Province received 31,500 tons of scrap per day, an increase of 00,500 tons from the previous work. At present, the mainstream market price of steel bar pelletizing is 2610-2660 yuan/ton, 6-10 thick steel plate qualified material is 2460-2560 yuan/ton, 6-10 thick and heavy waste qualified material is 2410-2510 yuan/ton, 10 thick heavy waste qualified material is 2510-2560, 6-10 thick and heavy waste wool is 2360-2460, all cold and hot rolled white iron is 2440-2540 yuan/ton, and 2-4 thick shear material is 2240-2290 yuan/ ton, steel bar lump 2440-2490 yuan/ton, for reference only.
Hunan Daily Review: Since yesterday, the local situation has been stable. 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 17,300 tons of scrap per day, an increase of 1,700 tons from the previous working day. With the recent introduction of new fiscal and tax policies, the uncertainty of the scrap market trend has increased, and many scrap steel bases have chosen to ship to avoid risks, and local arrivals have increased significantly. In the market outlook, considering the uncertainty after the implementation of the new fiscal and tax policy, it is predicted that the short-term will be stable and wait-and-see.
Henan Daily Review: Today's local scrap steel is running weakly. Wugang fell 20, Anyang Yaxin fell 10-30, and Anyang Xinpu fell 10-30. 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 22,060 tons per day, an increase of 3,440 tons from the previous working day. At present, the reverse invoicing policy has been introduced, and steel mills and bases have mostly fallen in a narrow range in order to avoid later risks. The market fear of falling is strong, the enthusiasm for shipments is high, and some steel mills have slightly reduced prices due to the increase in arrivals. However, considering the approaching May Day and the fourth round of coke increases, which is good for scrap, it is predicted that the short-term change will not be very large.
【South China】
Guangdong Daily Review: Today's local scrap is running weakly, Jin Shenglan fell 30, Shengli fell 30, and northern Guangdong fell 40. At present, the mainstream of ordinary punching in Zhongshan is 2390-2440 (Xiaolan pure cold sheet 2490-2540), die steel 2560-2610, ordinary punching mainstream in Foshan is 2390-2440, pure cold plate is 2470-2520, silicon steel sheet is 2460-2510, steel bar head is 2470-2570, and 6 heavy waste (wool) is 2460-2510. At present, 71,700 tons of scrap steel have arrived in 32 sample steel mills in Guangdong Province, an increase of 4,000 tons from the previous month. Yesterday's local finished product transaction was weak, superimposed by the recent reverse invoicing policy, the market was more panicked, the base shipment speed increased slightly, and some steel mills lowered the purchase price of scrap steel in order to reduce the risk. However, considering the arrival of the May Day holiday, steel mills still have demand for replenishment, so it is expected that the local scrap will be stable and weak.
Guangxi Daily Review: Today's local scrap steel continues to run weakly, of which Guixin fell 40, Yima fell 50, and Pinggang fell 40. At present, the scrap steel market in Liuzhou has fallen by 30: 2270-2320 for punching edge material, 2590-2640 for hot and cold rolling, 2540-2590 for metal punching (including galvanizing), 2590-2640 for pure automobile sheets, 2600-2650 for steel particles, 2550-2600 for steel briquetting, 2460-2560 for heavy waste, 2450-2500 for large molds, 2500-2550 for small molds, and 2430-2480 for pig iron cast steel. The 14 sample steel mills in Guangxi Province received 31,300 tons of scrap steel, an increase of 2,100 tons from the previous month. Affected by the reverse invoicing policy, the province's steel mills, bases in advance to reduce prices to hedge, market panic intensified, more to speed up the shipment operation, the overall arrival increased, but considering the upcoming May Day holiday, the demand for steel mills is still there, pre-holiday or more weak and stable operation.
【Southwest China】
Yungui Daily Commentary: Today's local scrap steel is mainly stable, and some are running weakly. The disk is volatile, and affected by the reverse invoicing policy, the market reaction is obvious, the steel mills are more worried about the cost, some of the tentative price reduction, and the site is also because of the uncertainty of the market outlook, actively carry out the goods, the short-term market is more chaotic, but the holiday is approaching, the factories have more replenishment needs, scrap steel will not have big fluctuations, and the short-term is still a narrow range of shocks. Among the 13 sample steel mills in Yunnan-Guizhou today, 24,700 tons of scrap arrived yesterday, an increase 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.
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Sichuan and Chongqing Daily Review: Sichuan and Chongqing scrap steel main stable and weak operation, Chongqing part fell 20, Sichuan mainstream transaction price: pig iron 2480, steel particles 2570-2590, excellent, heavy waste 2470-2530, medium scrap 2390-2450, light material 2130-2330, specific looks, for reference only. According to today's survey, the arrival of scrap steel from 19 sample steel mills in Sichuan and Chongqing was 42,700 tons/day, a decrease of 00,700 tons/day from the previous period. Recently, the problem of reverse invoicing in the market has been in a uproar, and some surrounding steel enterprises and traders have suspended the receipt operation, but the impact on the Sichuan and Chongqing regions is not big for the time being. Mainly due to the recent rainy weather affected shipments, the actual transaction of finished products is not good, the profits of steel enterprises are under pressure in many ways, and the market is not optimistic about the post-holiday market, so as to follow the trend of the market to reduce prices.
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April 29 Overseas Scrap Prices and Information
1. Kazakhstan scrap steel: extend the ban on scrap metal exports for another six months
Kazakhstan extended the ban on scrap metal exports for another six months. The ban applies to ferrous and non-ferrous scrap, as well as scrap lead batteries, scrap batteries and scrapped railway components. The ban will take effect on May 5, 2024 and will be valid for six months. Reason for the ban: The Ministry of Industry and Construction said the ban was aimed at addressing the shortage of scrap steel affecting domestic businesses. In 2023, Kazakhstan's steel mills received 1.9 million tonnes of ferrous scrap, well below the projected annual demand of 3.9 million tonnes, resulting in a load capacity of only 35%. The new regulations aim to realign these resources to meet domestic demand. This postponement is likely to affect businesses involved in exporting metal scrap from Kazakhstan, and domestic metal producers in Kazakhstan may benefit from a continued supply of scrap. The same six-month ban also applies to the export of ferrous scrap, pig iron ingots (charge pig iron) for remelting, scrap pipes, rails, rail elements and rolling stock, but only for road and sea transport.