Scrap Top Stories

China Average Daily Crude Steel Output to Fall in October, Steelease Foresees

China’s average daily output of crude steel is expected to fall in October due mainly to weak demand and environment protection inspections, 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

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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 PMI Monthly - October 2014

Although the PMI before seasonal adjustment indicates a mild growth, steel consuming sectors in China tended to contract following a short-lived expansion.


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.


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CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 609.95 612.39 614.61
HKD 78.65 78.95 79.25
100JPY 556.9 560.82 561.62
EUR 767.26 772.64 773.77
GBP 973.78 980.62 982.02
Date: 2014-10-31

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