Home / Metal News / Ferrous scrap purchasing prices remain stable in Eastern China

Ferrous scrap purchasing prices remain stable in Eastern China

iconSep 14, 2015 16:52
Source:SMM
The steel mills in Eastern China region have announced little change to ferrous scrap purchasing prices.

By  Paul Ploumis 14 Sep 2015  Last updated at  03:38:48 GMT

BEIJING (Scrap Monster): The steel mills in Eastern China region have announced little change to ferrous scrap purchasing prices. The purchasing prices remained stable primarily due to rising iron ore prices.

Jiangsu Shagang Group announced that scrap buying prices will remain unchanged. Post announcement, the purchasing price for heavy melting scrap with thickness 6mm and above by Shagang Group will continue at Yuan 1,330 per mt, inclusive of 17% value-added tax (VAT) delivered to Zhangjiagang. The company had cut the scrap prices by Yuan 40 per mt during end-August.

Yonggang Group in the same province also kept its scrap purchasing prices unchanged for deliveries to Zhangjiagang, Jiangsu province. Dongfang Special Steel too announced that purchasing price of heavy melting scrap of thickness 6 mm and above for deliveries to Changzhou will remain flat. Also, Anhui-based Maanshan Iron & Steel’s buy price for plate cut-offs with thickness 6mm and above for deliveries to Maanshan will continue to remain unchanged from the previous week.

According to mills in the region, ferrous scrap buying prices are likely to remain stable in the near future, mainly on account of rise in iron ore prices. Also, rebar prices have continued to remain stable in the region post Sep 3-5 holidays. The steel demand in the country is yet to report any significant improvement, mills added.


ferrous scrap purchasing prices
China

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40

SMM Events & Webinars

All