Scrap Top Stories

Iron ore price may fall further on growing supply, falling demand

The iron ore with content rate of 62 percent delivered to the port of Qingdao declined to 70.20 dollars per tonne, lowering 6.8 percent in the present week.

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

High-energy consumption enterprises in Beijing, Tianjin and Hebei, and neighboring areas have been ordered to suspend or cut production in early November due to the Beijing APEC meeting.

Scrap Publications

More

China Steel Briefing 20141121

SMM data show the average price of HRB335 rebar (16-20mm) rising RMB 184/mt, or 6.7%, through October. Steel prices, however, leveled off in November.


China Steel Briefing 20141114

China’s crude steel output was 67.52 million mt in October, little changed from September’s level, but up 3.7% YoY. YTD output through October totaled 681.9 million mt, up 4.7% YoY.


China Steel Briefing 20141107

SMM expects steel mills to remain in profit-making territory into November for the following reasons.


CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 612.68 615.14 613.9
HKD 78.99 79.29 79.15
100JPY 518.05 521.69 519.48
EUR 760.11 765.45 763.25
GBP 959.36 966.1 963.81
Date: 2014-11-25

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