Scrap Metal Prices and Scrap Metal Auctions

Steel price started moving upward as the fourth quarter is approaching, which is the high season for construction market.
Demands on long products, such as wire rod and rebar, are relatively strong than that on steel flat.
Lately, the domestic rebar price has rebound by 3.25 percent to RMB4099/ton from previous one.
Besides, decrease in stock in August [...]

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Last week, HRC price didn’t rebound from the bottom as steel suppliers expected amid sluggish demands and anticipated price fall on iron ore and coal for the fourth quarter.
The actual deal on HRC was settled at NT$20,800~21,000/ton. On the other hand, HDG market kept soft on poor demand.
Currently, HGI prices are relatively strong compared to [...]

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Recently, American steel mills like Severstal North America, US Steel, Arcelormittal, Nucor Corporation announced to lift the price for cold-rolled sheet again.
The major U.S steel mills have decided to lift the price for cold-rolled sheet by US$40/short ton.
In addition, AK Steel announced to lift the surcharge for electrical Steel which will be delivered in October [...]

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The market analyst predicted that Taiwan’s China Steel Corp. is very likely to keep its price unchanged on leeway offers, since it has cut its August prices.
However, demands remained soft in August regardless of price cut.
To prevent price from slumping sharply in August, CSC held off its leeway offer until September.
On the other hand, China’s [...]

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Although the steel seller tried to increase the price on hot rolled coil in Shanghai spot market today, most of buyers would rather hold off buying due to weak demand.
The current price of 2.75mm Q235 HRC was RMB4,320/ton, slightly up by RMB40/ton.
Due to high stock level, steel price is unlikely to keep strong in the [...]

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As steel price slid, China Iron & Steel Association (CISA) reported that the profit of China’s steel industries in July dropped to RMB2.86 billion by 54 percent from last month and even by 73 percent year-on-year.
Also, CISA said that 28 steelmakers reported the loss in July, and the number doubled than that of June.
However, China’s [...]

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Taiwan’s Evergreen Marine Corp. is planning to purchase 10 container vessels from China Shipbuilding Corporation (CSBC), which needs 300,000 tons of shipbuilding usage steel plates from China Steel Corp. (CSC).
To secure the Evergreen Marines’ order, CSBC expected that CSC can offer the discounts as South Korean Posco did for Samsung Heavy Industries.
CSC responded that it [...]

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