Workflow
国内废钢市场窄幅震荡偏弱运行(6月14日—6月20日)

Core Viewpoint - The domestic scrap steel market is experiencing a narrow fluctuation with a slight downward trend, driven by weak demand from steel enterprises and a balance between consumption and arrival volumes [1][2][3] Group 1: Market Overview - The average procurement prices for heavy scrap steel have decreased by 6 yuan/ton compared to the previous week, while medium scrap steel prices have also dropped by 6 yuan/ton, and the prices for mixed scrap steel remain stable [1] - The steel market has entered a low-demand season, leading to a noticeable decline in scrap steel consumption [1] - Steel companies are anticipating a fourth round of price reductions for coke, which may lead to a decrease in the use of scrap steel as the cost-effectiveness of pig iron becomes more apparent [1] Group 2: Regional Price Trends - In East China, the heavy scrap steel procurement prices from major steel companies range from 2200 to 2510 yuan/ton, with some prices decreasing by 10 yuan/ton [1] - In Central China, heavy scrap steel prices are generally stable, with some companies reducing procurement prices slightly [2] - In South China, scrap steel prices are mixed, with some companies experiencing price reductions while others maintain higher prices due to tight market resources [2] - In Southwest China, prices are slightly declining due to low arrival volumes influenced by high temperatures [2] - In Northwest China, prices are experiencing narrow fluctuations with some companies slightly increasing procurement prices [3] - In Northeast China, the market is stable but cautious, with procurement prices ranging from 2232 to 2486 yuan/ton [3] - In North China, the market is consolidating with weak supply and demand, leading to price adjustments [3]