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Apr 02, 2022

Sha Zhongyong Led The Rise By 50! Tianjin Steel Pipe Rose 150! Scrap Is Still Rising

Today's domestic scrap market gains slowed down. According to the steel companies tracking quotations, 25 steel mills raised their scrap purchase prices by 10-150 yuan; 2 steel mills lowered their scrap purchase prices by 20-40 yuan. At present, many places are still under the epidemic, the traffic control is strict, and the surrounding scrap steel resources are tight. The production demand of steel mills is still there, and the price of scrap steel is temporarily supported. However, due to the impact of the epidemic, the transaction of finished products is not smooth, the profits of steel mills are limited, and the driving force for scrap steel to rise is insufficient. Therefore, it is expected that the short-term scrap steel will be more stable and adjusted.

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