Last week, the domestic scrap market is strong operation, merchants look forward to a strong mentality, the pace of shipments slowed, steel mills to the volume slightly decreased, some key steel enterprises according to the arrival and inventory situation to adjust the purchase price of scrap steel.Last week, the domestic scrap market is strong operation, merchants look forward to a strong mentality, the pace of shipments slowed, steel mills to the volume slightly decreased, some key steel enterprises according to the arrival and inventory situation to adjust the purchase price of scrap steel.Compared with the previous week, the average purchase price of scrap steel in key steel enterprises increased by 35 yuan/ton, the price of medium-sized scrap steel increased by 16 yuan/ton, and the price of scrap steel increased by 12 yuan/ton.
From January to April, crude steel production of 83 key steel enterprises in the scope of scrap steel association statistics was 19.1 million tons, an increase of 810,000 tons, an increase of 0.5%, while waste steel consumption was 24.52 million tons, a decrease of 1.47 million tons, or 5.7%, and inventory at the end of April was 4.11 million tons, down 80,000 tons, or 2% YoY.
Recently, the finished material market is strong, iron ore market as a whole strong operation, resulting in rising iron and water costs, steel mills actively purchase scrap steel, but the volume of the previous reduction, some merchants optimistic about the market, price increases and receipts, but the shipment is negative, the scrap steel market is expected to be stable in the short term, strong prices.