price in Hebei province remains stable with slight rises on Wednesday.
6-10mm HMS2 in Tangshan keeps at 2740 yuan/t. In addition, in Handan, the
price increases by 50 yuan/t to 2750 yuan/t.
the arrivals of scrap products to steel mills have increased from the
pre-holiday one, but the inventories still keep at a low level in the
mills. Therefore, some steelmakers have raised the quotation of scrap in
order to replenish inventories of scrap products in their mills.
predicts that it is hard to see the continuous rise in scrap price in the
near term since prices of finished steel products showed a weak performance on the overall market and the current scrap price has already
hit the high level.
price of Hebei Scrap on Oct 9,19
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