Scrap Top Stories

Oceania crude steel production rebounds in August

The crude steel production by Oceania region surged higher during August this year.

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

There will be no update on SMM's website from Sept. 3-5, a three-day holiday to mark the 70th anniversary of the surrender of Japan and the end of World War II.

Scrap Publications


China Steel PMI Monthly - September 2015

The Steel-PMI was 51.25 in September, up 4.98 MoM, but down 1.92 YoY. On a seasonally adjusted basis, the Steel-PMI came in at 47.31, up 0.34 MoM, but down 2.35 YoY.

China Steel Briefing 20150925

The average price of hot-rolled steel nationwide lost 3.13% for the September 1-25 period, and that of rebar dropped 4.07%, SMM data showed. However, SMM sees limited room for further declines.

China Steel Briefing 20150918

The average daily output was 2.16 million mt in August, down 2.9% YoY, but up 1.7% MoM. SMM sees further increase in the country’s average daily output in September.

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CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 634.13 636.67 636.13
HKD 81.83 82.14 82.08
100JPY 528.48 532.2 531.81
EUR 712.58 717.58 716.08
GBP 959.77 966.51 964.11
Date: 2015-09-30

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