Scrap Top Stories

Iron Ore Slump Forecast as StanChart Recommends Bets on Losses

Iron ore prices are set to slump in the second half as more steel companies in China will probably go bankrupt, hurting demand in the world’s largest user just as supply expands.

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

Steelease forecasts China's downstream steel demand in 2030 from 6 industries, 110 sub-sectors, with 350 formulas and 240 parameters.

Scrap Publications

More

China Steel Briefing 20140418

Steelease believes China’s crude steel output during April should remain high or grow slightly.


China Steel Briefing 20140411

Steelease believes, however, that any rebound in steel prices will be limited in the near-term by current tight liquidity conditions in the steel sector.


China Steel Briefing 20140404

According to Steelease data, profits at most steel mills improved slightly during March. The average loss from domestic rebar was down RMB 32/mt in February to only RMB 16/mt in March.


CNY Base Rate

100 units of foreign currencies in CNY (2014-04-18)

USD 620.82 HKD 80.06
100JPY 605.35 EUR 855.87
GBP 1040.38