Group 1 - The domestic scrap steel market is experiencing a consolidation phase with a lack of trading activity and low procurement enthusiasm from steel companies [1] - Average procurement prices for scrap steel from key steel enterprises have decreased, with heavy scrap down by 10 CNY/ton, medium scrap down by 11 CNY/ton, and mixed scrap down by 7 CNY/ton compared to the previous week [1] - In May, the import of recycled steel raw materials was 23,600 tons, a month-on-month decrease of 24.90% and a year-on-year decrease of 5.31% [1] Group 2 - In East China, scrap steel prices remain stable, with slight decreases in procurement prices from various steel companies due to high temperatures affecting processing and transportation [2] - In Central China, the scrap steel market is weakly stable, with low inventory levels and reduced procurement prices from several steel companies [2] - In South China, the scrap steel market is under pressure, with companies reducing procurement prices to mitigate risks due to narrowing profit margins [2] Group 3 - In Southwest China, scrap steel prices are declining, with low confidence among merchants and cautious procurement by steel companies [3] - In Northwest China, scrap steel prices are slightly increasing, supported by limited market circulation resources [3] - In Northeast China, scrap steel prices are fluctuating, with steel companies adopting a cautious procurement strategy amid weak supply and demand [3] Group 4 - In North China, the scrap steel market is weak, with reduced consumption by steel companies leading to downward pressure on prices [3]