Steel Scrap Prices Trend Lower on Feb 14

Published: Feb 15, 2023 16:51

Source: SMM

Save

The prices of steel scrap weakened yesterday.

SHANGHAI, Feb 15 (SMM) - The prices of steel scrap weakened yesterday. The prices in east China fell 30-50 yuan/mt, and those in the south-west dipped about 30 yuan/mt.

Spot Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

Vietnam Imposes 27.83% Temporary Tariff on Certain Chinese Hot-Rolled Steel Products

On April 2, the Ministry of Industry and Trade issued Decision No. 612/QD-BCT, imposing a temporary anti-circumvention tariff of up to 27.83% on certain hot-rolled steel products from China. The measure applies to specific flat-rolled steel products (alloy or non-alloy), with thicknesses of 1.2–25.4mm and widths between 1,880mm and 2,300mm, that have not been further processed beyond hot rolling.

16 hours ago

MMi Daily Iron Ore Report (April 3)

Today, the DCE iron ore fluctuated in the doldrums, with the most-traded contract I2605 eventually closing at 799.5 yuan/mt, down 0.50% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day. Traders were moderately active in offering quotes, while steel mills mainly restocked to meet rigid demand; as of now, spot market transactions were mediocre.

16 hours ago

[SMM Daily Hot-Rolled Coil Trading] Spot Trading Moved Sideways

[SMM Daily Hot-Rolled Coil Trading] On April 3, the total daily trading volume of hot-rolled coil at sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, and Ningbo) was 14,410 mt, down 70 mt day on day, or 0.5%, up 30.71% YoY on a calendar basis and up 12.31% YoY on a lunar calendar basis.

16 hours ago