Strong operation of domestic steel market

This week, the domestic steel market operated strongly, the market mentality improved slightly, and the arrival of steel plants improved. However, due to the hot and rainy weather, the base's receiving volume was generally low. Compared with the previous week, the average purchase price of scrap in key steel enterprises increased by 148 yuan / ton for heavy-duty scrap, 159 yuan / ton for medium-sized scrap, and 127 yuan / ton for unified scrap.

At the beginning of last week, the finished product market was strong, and the resource shortage of scrap steel market was superimposed. The steel plant did not arrive much, and the production was in the state of consumption and inventory. Scrap steel prices are strongly supported and generally rising. After the purchase price of scrap steel increased, the arrival of steel plants improved. Last week, the price trend of middle line snail futures fluctuated, and the spot market was weak. Under the influence of high temperature weather, the market transaction was relatively light. The steel plant takes a cautious wait-and-see attitude towards the future market, which has a negative impact on the performance of the scrap market. The operation of the scrap market gradually tends to be stable. The purchase price of scrap steel in the steel plant is mostly adjusted narrowly according to the arrival, consumption and inventory. It is expected that the scrap market will be consolidated and operated in the near future.

The price of scrap steel in East China continues to rise, which is higher than the price of finished steel. However, due to the extremely hot weather, the arrival of steel plants is still unsatisfactory. The price of scrap steel in Central China is generally rising, the consumption of scrap steel in steel plants is stable, and the purchasing enthusiasm is good. The arrival volume of the base is generally small, and some businesses are reluctant to sell. The price of scrap steel in South China is on the rise, the market resources are tight, the base's receiving situation is poor, and the steel factory's arrival is not as expected. The price of scrap steel in Southwest China has risen steadily, and the mentality of merchants has improved. However, the enthusiasm for shipment is not high. Most electric furnace steel plants produce at off peak, the consumption of scrap steel is not large, and the inventory is generally low. The scrap steel market in Northwest China is in a strong and volatile operation. The stock of steel mills is not large, and the overall arrival is general. The shipment of merchants is slow, and the wait-and-see mood is strong.

The scrap steel market in Northeast China is relatively strong, and some resources flow to North China. After the purchase price of scrap steel in steel mills is increased, the quantity of arrival is still small, and the inventory is mostly at a low level. The scrap price in North China increased slightly, and the market was in a wait-and-see atmosphere. The daily arrival volume of steel mills was basically the same as the daily consumption.