Scrap Top Stories

Indian Scrap market may remain better in September

Indian ferrous scrap market is expected to remain better in September from August as scrap prices have moved up marginally while there has been no increase in import rates.

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

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Some steel mills were forced to shut down in the first half of the year as banks tightened lending, while others went bankrupt.


China Steel Briefing 20140829

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China Steel PMI Monthly August 2014

The Steel-PMI rose by 5.08 on the month in August, but posted a 6.9 YoY fall, to 45.71. The seasonally-adjusted PMI was 45.65, up 0.92 on the month, but down 6.99 from a year earlier.


CNY Base Rate

100 units of foreign currencies in CNY (2014-09-17)

USD 613.08 HKD 79.1
100JPY 571.04 EUR 792.6
GBP 995.43