Scrap Top Stories

Sponge iron prices decline on weak demand from steel mills

Sustained weak demand from the steel industry has pushed sponge iron prices down by 6 per cent in June to touch the cost of production.

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


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


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


China Steel Briefing 20150703

The PBOC announced cuts in interest rate and reserve requirement ratio for financial institutions, in a bid to reduce business financing costs, support economic growth and save plunging stock market.

China Steel PMI Monthly - June 2015

The steel-PMI posted decline for the third straight month, an indication that steel demand continued to weaken.

China Steel Briefing 20150626

The automobile sector cooled this year, as evidenced by the MoM and YoY decline in production and sales in February and May.

CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 619.63 622.11 611.66
HKD 79.91 80.21 78.9
100JPY 504.28 507.82 500.19
EUR 682.79 687.59 677.7
GBP 964.61 971.39 956.39
Date: 2015-07-07

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