Scrap Top Stories

Lack of scrap a recurring theme at BIR World Recycling Convention & Exhibition in Dubai

The World Steel Association’s Director General Dr Edwin Basson declared himself to be “quite positive about the health of the steel industry” and about the steel markets’ ability to adapt.

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

As 2015 May Day holiday falls on 1-3 May, there will be no update on SMM's website during the holiday period. Update will return to normal from May 4. Apologies for any inconvenience caused.

Scrap Publications

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China Steel PMI Monthly - April 2015

The Steel-PMI fell by 20.09 on the month in April to 46.03, but up 0.27 from a year ago. The index after seasonal adjustment was 46.7, down 11.25 MoM, but up 0.75 YoY.


China Steel Briefing 20150424

Lackluster domestic and overseas demand prevented China’s finished steel output from growing significantly from a year ago.


China Steel Briefing 20150417

The country’s finished steel exports will remain strong, against the backdrop of anti-dumping in overseas market and cancellation of export rebate on boron-added steel.


CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 619.1 621.58 611.72
HKD 79.86 80.16 78.91
100JPY 507.82 511.38 504.36
EUR 677.14 681.9 671.38
GBP 955.08 961.78 947.86
Date: 2015-05-26

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