From December 6-8, 2023, the "2023 National Scrap Steel Conference" and the "Sixth Expanded Meeting of the Seventh Session of the China Scrap Steel Application Association" were held in Xiamen. Discussions focused on industry trends and key issues, offering insights and direction for the scrap steel sector and its businesses amid current conditions.

In June, domestic steel scrap prices fluctuated narrowly. As of June 30th, steel scrap price in Zhangjiagang was 2580 yuan/mt, an increase of 160 yuan/mt compared to the end of May.

Last week, steel prices crashed, arousing panic in the steel scrap market.