Scrap Top Stories

ICVL Acquires Mozambique Coking Coal Mine from Rio Tinto for $50mn

International Coal Ventures PVT LTD has agreed to buy the Benga mine in Mozambique from Rio Tinto.

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

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China Steel Briefing 20140801

The construction sector had the worstperformance since January both before and after being seasonally adjusted, plagued by high temperatures, rainy weather and tight liquidity.


China Steel PMI Monthly July 2014

The Steel-PMI dropped 2.57 MoM and 5.83 YoY in July, to 40.63, and the seasonally-adjusted index was 45.04, down 4.48 from June and also off by 5.55 from a year ago.


China Steel Briefing 20140725

The eliminated iron production targets of 2014 close to 2 times of the total elimination goal during the past two years.


CNY Base Rate

100 units of foreign currencies in CNY (2014-08-01)

USD 616.12 HKD 77.26
100JPY 597.79 EUR 823.14
GBP 1038.13