Steel scrap prices to stabilise this week amid ample supply

게시됨: Dec 4, 2023 10:38
출처: SMM
Steel scrap prices in China largely stood stable with occasional hikes last week.

Steel scrap prices in China largely stood stable with occasional hikes last week. Downstream producers rushed to finish projects toward the end of this year. Moreover, a slight profit uptick stimulated waste recycling companies to step up collection of goods. Under this circumstance, steel scrap supply appeared ample since October. According to SMM research, some steel mills may completely consume steel scrap stocks ahead of the Spring Festival. In addition, steel scrap consumption will increase. Therefore, supply-demand fundamentals may gradually tighten in the next quarter, giving certain support to steel scrap prices. Steel prices may be volatile this week. Steel scrap market may stay rangebound, with price swinging from minus 30 yuan/mt to plus 30 yuan/mt.

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn