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

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

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

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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