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Steel scrap prices will move sideways in August

Shandong (JLC), August 8, 2023--Steel scrap prices are anticipated to move sideways in August on the whole, arising from tightened supply, but persistently dim demand.

08-06-2023 17:22:23

Steel scrap prices rise overall in Dec

Shandong (JLC), January 9, 2023--China steel scrap prices moved up on the whole in December amid falling supply and slightly rising restocking.

01-09-2023 17:13:44

Steel scrap market picks up on rising demand

Shandong (JLC), March 23, 2020--Steel scrap prices moved upward as some steel mills started to slightly raise purchasing prices as a result of rally in steel downstream demand, and traders kept offers firm amid bullish expectations.

03-23-2020 17:47:51

China steel scrap consumption up 11.3%

Shandong (JLC), November 18, 2019--The consumption of China’s steel scrap totaled 157 million mt in the past nine months of 2019, up 1,600 mt or 11.3% year on year, according to data from the CAMU.

11-18-2019 17:01:02

Steel scrap prices to extend further drops in H2, Nov

Shandong (JLC), November 14, 2019--Steel scrap prices are expected to go down further in the second half of November with a drop of CNY50-100/mt amid falling consumption and slipped iron ore prices.

11-14-2019 16:15:50

Steel scrap market to stable before holiday

Shandong (JLC), September 24, 2019--China steel scrap prices are expected to be steady before the National Day holiday due to tightened supply and support from steel market but drops in billet prices.

09-24-2019 09:59:43

Steel scrap market likely to slack in June

Shandong (JLC), June 19, 2019--Steel scrap prices will possibly go down in June due to rising supply but weakening demand.

06-19-2019 11:32:51

Steel scrap market to remain stable in late May

Shandong (JLC), May 17, 2019--Steel scrap prices are likely to keep stable in the rest of May due to slightly reduced supply in some regions but weak support from steel market.

05-17-2019 13:44:12

Steel scrap prices to extend downtrend in April

Steel scrap prices are expected to continue to decline in April amid unimproved demand and VAT cut.

03-29-2019 14:08:32

China steel scrap output to rally to 230 mln mt in 2018

Shandong (JLC), December 19, 2018 --China steel scrap output is expected to be 230 million mt in 2018, as the social procurement will be 145 million mt, steel scrap produced by enterprises will be 45 million mt and the total steel scrap recovery will be 190 million mt

12-19-2018 16:34:45

Steel scrap imports keep falling amid foreign garbage ban

Shandong (JLC), December 14, 2018--China steel scrap imports hit a record low over January-October 2018 and the total imports in 2018 will be below 1.3 million mt affected by national policy and growth of domestic supply.

12-14-2018 17:38:16

Steel scrap price to vibrate upwards in Oct

Steel scrap price will continue to vibrate upwards in October mainly because some steel plants have raised purchasing prices.

10-11-2018 16:27:03

Steel scrap price to rise amid output cut policy

Shandong (JLC), July 16, 2018--Steel scrap price will keep rising in the future due to stringent pro-environment inspection, more steel mills implementing output cut policy and ongoing rise in steel price.

07-16-2018 17:35:32

Steel scrap price to rise amid output cut measures

Shandong (JLC), June 19th, 2018--Steel scrap price was expected to extend an uptrend in the short run as the output cut measures intensified steel mill’s intentions of raising offers, propping up steel scrap market.

06-19-2018 17:36:36

China March steel scrap imports rise to 240,000 mt

China imported 240,000 mt of steel scrap in March 2018, up 52,000 mt or 27.83% MoM and gained 30,000 mt or 14.29% YoY, data from General Administration of Customs of the PRC.

05-22-2018 17:33:05

Steel price rises hard to boost steel scrap market

China steel price inched up in recent days but steel scrap price continued falling.

01-22-2018 15:55:44

Steel scrap market stabilizes on the centralized restocking in steel mills

China steel scrap price surged amid the the tight supply since mid-November. As for the fundamentals, steel scrap price will not decline amid the bullish sentiment in the market, in light of the output limitation policy in the north and the stringent pro-environment inspection.

12-14-2017 17:02:17

China steel scrap imports gained by 13.9% YoY in the first three quarters

According to data from the Administration of the Customs of PRC, China steel scrap imports stood at 148,000 mt in September, 2017, dipping by 27,000 mt and 15.4% YoY. China steel scrap imports read 1.743 million mt in the in the first three quarters, gaining by 213,000 mt or 13.9% YoY.

11-15-2017 11:20:33

Market players should be prudent for steel scrap market

Guidance: China steel scrap market price surged as a whole in October, though it vibrated marginally in some regions. Market players should be cautious in view of the following factors.

11-08-2017 17:51:21

China steel scrap import picked up over Jan-Aug 2017

China steel scrap import rallied in 2017. According to customs’ statistics, China imported 1.59 million mt steel scrap over January-August of 2017, up 240,000 mt or 17.8% YoY. The rising import volume is attributed to the following factors.

10-25-2017 18:01:41

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