Steel Scrap Consumption by Domestic BF Mills Grows in February_SMM

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Home / Metal News / Steel & Iron Ore / 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

CST

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.

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In the spot market, Jinchuan nickel was quoted at premiums of 6,500-7,000 yuan/mt as of September 14, averaging at 6,750 yuan/mt, which was down 1,150 yuan/mt from the previous trading day.

Sep 14, 2022 11:26 timezone

CST

SMM Comments

Spot Prices of Pure Nickel Fell Slightly, with No Significant Improvement in Transactions

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

Sep 9, 2022 15:16 timezone

CST

SMM Comments

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

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Sep 8, 2022 14:10 timezone

CST

SMM Comments

Zinc in Tianjin: Transactions Were Modest as Downstream Enterprises Purchased on Dips

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

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Sep 6, 2022 10:36 timezone

CST

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

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Aug 29, 2022 18:00 timezone

CST

SMM Comments

SMM Evening Comments (Aug 29): Shanghai Nonferrous Metals Closed with Losses amid Extending Tight Monetary Policy Orientation

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Aug 26, 2022 10:53 timezone

CST

Industry News

Peruvian Ministry of Economy and Finance: Copper Prices to Fall to $3.40/lb in 2023

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Aug 24, 2022 17:33 timezone

CST

SMM Comments

EMM Plants Held their Prices Firm Because of the High Bid Prices

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Aug 22, 2022 17:00 timezone

CST

SMM Insight

China's Imports of Tin Concentrate in July Rose Sharply, and Myanmar Contributed the Most

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Aug 22, 2022 13:29 timezone

CST

SMM Comments

Due to the Huge Increase in Raw Material Prices, DMC Prices Rose 1,850 yuan/mt on the Week!

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Aug 22, 2022 11:07 timezone

CST

SMM Comments

Spot Trading Remained Poor amid High Nickel Prices

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