Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Steel Scrap Consumption by Domestic BF Mills Grows in February

Steel Scrap Consumption by Domestic BF Mills Grows in February

Mar 14, 2023 17:22

Source:SMM

SMM survey showed that the average operating rate of blast furnaces in the new sample stood at 92.42% as of March 1.

SHANGHAI, Mar 14 (SMM) - SMM survey showed that the average operating rate of blast furnaces in the new sample stood at 92.42% as of March 1, up 0.9 percentage point MoM. The daily consumption of steel scrap across 110 BF mills was 148,300 mt in February, up 10.3% MoM. The supply of steel scrap gradually grew after the CNY, and steel mills restocked actively. The use of scrap rose slightly accordingly.

Spot

Market

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

As of last Friday September 9, the SMM Imported Copper Concentrate Index (weekly) stood at $81.96/mt, $2.71/mt higher than the previous week.

Sep 13, 2022 13:58

SMM Comments

TCs of Spot Copper Concentrate Rose to above $80/mt Affected by the Qinhuangdao Port Incident

Nickel Prices Hovered at Highs with Poor Trades

In the spot market, Jinchuan nickel was quoted at premiums of 11,000-10,500 yuan/mt as of September 7, averaging at 10,250 yuan/mt, which was down 250 yuan/mt from a day ago.

Sep 7, 2022 13:19

SMM Comments

Nickel Prices Hovered at Highs with Poor Trades

Zinc in Tianjin: Spot Premiums Lack Strong Momentum

In Tianjin, #0 zinc ingot was mostly traded at 25,600-25,810 yuan/mt, Zijin zinc 25,750-25,880 yuan/mt, and Huludao zinc 30,260 yuan/mt.

Aug 24, 2022 13:20

SMM Comments

Zinc in Tianjin: Spot Premiums Lack Strong Momentum

Copper Scrap Supply Keeps Improving with Copper Cathode Prices Remaining High

From August 15 to August 21, the copper scrap throughput of East China Nonferrous Metals City was about 17,100 mt, a week-on-week increase of 33.11%.

Aug 23, 2022 16:50

SMM Insight

Copper Scrap Supply Keeps Improving with Copper Cathode Prices Remaining High

SHFE Aluminium Surged Following Zinc Contract in Relays due to Production Cuts in China and Abroad

SHFE and LME aluminium prices rose boosted by the news of the production reduction of overseas aluminium smelters. Around noon time, SHFE aluminium has already outperformed SHFE zinc with a gain of more than 4%. LME aluminium stayed on the upward trajectory as well and once recorded an increase of more than 2%.

Aug 17, 2022 16:35

SMM Insight

SHFE Aluminium Surged Following Zinc Contract in Relays due to Production Cuts in China and Abroad

Stainless Steel Futures Drop for Two Consecutive Days amid Poor Demand, Eyes on Power Rationing across China

The most-traded stainless steel futures has fallen for two consecutive days after fluctuating sideways for quite some time. It once fell by more than 3% in the day session today, and finally closed the day with a loss of 2.84%.

Aug 9, 2022 16:17

SMM Comments

Stainless Steel Futures Drop for Two Consecutive Days amid Poor Demand, Eyes on Power Rationing across China

Average Price of Spodumene Concentrates Broke Through $5,000/mt, and Battery-grade Lithium Carbonate Prices Gained another 1,500 yuan/mt

The spot prices of industrial grade-0 lithium carbonate gained 1,000 yuan/mt to 453,000-458,000 yuan/mt, with its average price up 1,000 yuan/mt in a single day to stand at 455,500 yuan/mt.

Aug 8, 2022 15:41

Industry SMM Comments

Average Price of Spodumene Concentrates Broke Through $5,000/mt, and Battery-grade Lithium Carbonate Prices Gained another 1,500 yuan/mt

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

The light rare earth market extended the weakness today, with prices of PrNd oxide and alloy falling further. Separation companies were not very enthusiastic in making offers. The mainstream prices of PrNd oxide stood at 770,000-780,000 yuan/mt.

Aug 2, 2022 14:37

SMM Comments

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

From July 25, 2022, to July 31, the throughput of copper scrap in the East China Nonferrous Metals Market was 8,300 mt, down 1.72% WoW.

Aug 2, 2022 10:16

SMM Comments

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

Nickel Prices Remained Rangebound at High Levels Last Week Supported by the Macro Factors

On the macro front, last week, the US Fed raised the interest rate by 75 basis points to 2.50% as expected, boosting the nonferrous metal prices.

Aug 1, 2022 10:54

SMM Insight

Nickel Prices Remained Rangebound at High Levels Last Week Supported by the Macro Factors

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Steel Scrap Consumption by Domestic BF Mills Grows in February

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit