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SteelHome Express: Scrap Market Price in Hebei Province Softens on August 13, 2019

https://en.steelhome.com [SteelHome] 2019-08-13 10:25:22

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Scrap price in Hebei province softens on Tuesday.

 

Then 6-10mm HMS2 in Tangshan softens at 2670 yuan/t.

 

In Shagang, it has lowered its scrap purchase price by 50 yuan/t, following by other steel mills in East China.

 

Meanwhile, sellers are inactive in shipping scrap products, since the continuous price falling in the previous days. Therefore for steelmakers, volumes of scrap arrived to plants declined, which caused the insufficient scarp supply in steelmaking. Though the tight scarp supply on the overall market, it is hard to see a rise in scrap purchase price recently because of the increasing cost pressures in steelmaking for steelmakers.


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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