Scrap Top Stories

Liquidity Pains Will Pressure China Iron Ore Price, Steelease Says

The price of domestic iron ore across China’s major markets is expected to fall this week, Shanghai Metals Market’s ferrous branch Steelease foresees.

Major Regions Steel Scrap Price (Weekly)

Regions Specification Average Prices (RMB/mt) Change (RMB/mt) Date
Bei Jing Heavy, VAT Included 2,970 0 2010-09-30
Guang Zhou Heavy, VAT Included 2,975 20 2010-09-30
Shang Hai Heavy, VAT Included 2,720 -40 2010-09-30
Zhang Jia Gang Heavy, VAT Included 3,080 30 2010-09-30

Notes

Steel Scrap Import Volume (Monthly)

Products Quantity Date
Cast Iron Scrap 0 2011-08-01
Stainless Steel Scrap 0.62 2011-08-01
Other Alloy Scrap 0.95 2011-08-01
Tin-Plated Scrap 0 2011-08-01
Other Scrap 50.09 2011-08-01

Notes

Steel Scrap Export Volume (Monthly)

Products Quantity Date
Cast Iron Scrap 0 2011-08-01
Stainless Steel Scrap 0 2011-08-01
Other Alloy Scrap 0 2011-08-01
Tin-Plated Scrap 0 2011-08-01
Other Scrap 0.03 2011-08-01

SMM prices and its lists are owned by SMM Information & Technology Co., Ltd. and are protected by the "Copyright Law of The People's Republic of China", "Anti-Unfair Competition Law of The People's Republic of China" and other laws, regulations, and applicable international treaties, and shall not be modified, reprinted , reproduced, sold, transferred, performed, showed, projected, broadcasted, adapted, translated, compiled and transmitted through information network without written permission.

Steel Feature

SMM will stop publishing China Iron Ore Export Data on its website from Oct. 9 as Chinese iron ore products are basically not exported.

Scrap Publications

More

China Steel Briefing 20141010

Steel prices kept falling in September despite the start of the traditional high demand season, SMM data show. SMM believes market prices of finished steel will extend losses in October.


China Steel PMI Monthly - September 2014

Downstream sectors experienced expansion in September, but Steelease sees no optimistic outlook for the medium-to-long term.


China Steel Briefing 20140926

Steelease believes the slowing in real-estate development will continue to undermine steel demand into Q4.


CNY Base Rate

100 units of foreign currencies in CNY (2014-10-21)

USD 610.95 HKD 78.75
100JPY 571.29 EUR 781.2
GBP 986.3