Scrap Top Stories

EY: Iron Ore M&A to Pick Up in 2015

EY recently released a report titled “Mergers, acquisitions and capital raising in mining and metals.”

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

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Steel Feature

China has introduced new export rebate policy on some products in 2015. What detailed information is about those adjustments, and how those changes will affect the related sectors?

Scrap Publications

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China Steel Briefing 20150227

China’s steel market entered a bear market in 2014, due to a weaker yuan, dramatically shrinking investment in the property market, plunging raw material prices, as well as an overhang of steel.


China Steel Briefing 20150213

China’s finished steel exports hit a new record high of 10.29 million mt in January, up 1.2% or 120,000 mt from 10.17 million mt in December 2014, and surging 52% from a year ago, customs data showed.


China Steel PMI Monthly - January 2015

The Steel-PMI was 43.39 in January 2015, falling by 2.19 on the month, but the figure was 6.24 higher than a year earlier. All downstream sectors showed contraction in January.


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CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 625.62 628.12 614.75
HKD 80.67 80.98 79.27
100JPY 523.79 527.47 518.39
EUR 699.95 704.87 692.56
GBP 963.87 970.65 951.9
Date: 2015-02-27

Source: spot exchange rate at UTC 10:55 am every day on the website of Bank of China