Scrap Top Stories

Iron Outlook 2015: Hope in Expensive Toys

Iron ore prices have careened from one disaster to the next throughout 2014, but hope for the construction material could lie in specialty steels.

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

SMM prices and its lists are owned by SMM Information & Technology Co., Ltd. and are protected by the "Copyright Law of The People's Republic of China", "Anti-Unfair Competition Law of The People's Republic of China" and other laws, regulations, and applicable international treaties, and shall not be modified, reprinted , reproduced, sold, transferred, performed, showed, projected, broadcasted, adapted, translated, compiled and transmitted through information network without written permission.

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


China Steel Briefing 20141219

China has seen significant growth in finished steel exports since March. Export volumes through November surged 46.8% YoY, pushing steel exports to a new record of 9.72 million mt.

China Steel Briefing 20141205

November’s Steel-PMI was only 48.00, down 2.53 MoM and 2.38 YoY. The seasonally-adjusted index was 47.64, off 1.17 from October and 2.50 YoY.

China Steel PMI Monthly - November 2014

The Steel-PMI fell by 2.53 MoM and 2.38 YoY in November, to 48.00. The seasonally-adjusted PMI was 47.64, down 1.17 from October, and slipping 2.50 from a year earlier.

CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 621.16 623.64 612.05
HKD 80.1 80.4 78.92
100JPY 521.2 524.86 515.57
EUR 761.81 767.17 755.11
GBP 971.58 978.4 959.99
Date: 2014-12-19

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