Scrap Top Stories

Iron prices to hike, says Russia’s largest producer

The Chief Executive Officer of the company, Andrey Varichev stated that, the company anticipates the price of the iron ore to increase, as the Chinese seasonal demand for iron ore is increasing.

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

It is a traditionally peak demand season for many sectors in September and October. Will the high demand period materialize this year?

Scrap Publications

More

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.


China Steel Briefing 20140919

Steelease expects this price rise to be limited, though steel prices should reflect greater volatility into the coming weeks.


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CNY Base Rate

100 units of foreign currencies in CNY (2014-09-30)

USD 613.58 HKD 79.02
100JPY 560.37 EUR 777.34
GBP 995.2