Tight Steel Scrap Supply Likely To Limit Downside Room Of Steel Prices

Published: May 25, 2023 16:24

Source: SMM

Save

SHANGHAI, May 25 (SMM) - Macro headwinds may weigh on steel prices in the short term, but tight steel scrap supply will limit the downside room of steel prices.

SHANGHAI, May 25 (SMM) - Macro headwinds may weigh on steel prices in the short term, but tight steel scrap supply will limit the downside room of steel prices. Due to persistent losses, operating rates of EF steel mills will drop slightly next week.

Market review

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

1 hour ago

Data: SHFE, DCE market movement (Apr 30)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 30 Apr , 2026

1 hour ago

2 hours ago

【SMM Analysis】Beyond the US & EU: How Anti-Dumping and Green Hydrogen are Reshaping South American Steel Industry

The core logic of the South American steel market is that end-user demand drives everything. Consumption demand is the starting point, filled jointly by local production and imports; imports act as a regulating valve rather than a driving force.

2 hours ago

3 hours ago

HRC Inventory, Week 5 of April 2026

Social inventory of HRC was 3.0182 million mt this week, down 151,200 mt from the previous week (-4.77% WoW, +41.59% YoY, +17.81% YoY on a lunar calendar basis). Mill inventory of HRC was 1.0153 million mt this week, down 1,500 mt from the previous week (-0.15% WoW, -7.28% YoY, -8.64% YoY on a lunar calendar basis). Total HRC inventory was 4.0335 million mt this week, down 152,700 mt from the previous week (-3.65% WoW, +25.00% YoY, +9.81% YoY on a lunar calendar basis).

3 hours ago