Scrap Iron Recycling Price Update On June 11: How Much Does One Pound Cost Nationwide? List Of Rising And Falling Market Prices In Various Places

Scrap iron recycling price update on June 11: How much does one pound cost nationwide? List of rising and falling market prices in various places

Scrap iron prices in East China have increased significantly

On June 11, at Jinhong Steel Plant in Xuzhou, Jiangsu Province, the price of iron scraps arriving at the factory increased by 30 yuan per ton, and the price of frame crushing materials was increased by 30 yuan simultaneously. At Jiangyin Dalongkai Terminal, the price of steel bar pelletizing and punching for five thicknesses reached 2,520 yuan per ton, an increase of 10 to 20 yuan from the previous day. Shandong Minyuan Iron and Steel increased its price by 30 yuan, and the price of new steel sheets above 8 to 2,630 yuan per ton. These price increases are mainly due to the accelerated production pace of local steel mills and the increased demand for scrap iron raw material procurement.

Recently, the recycling volume of scrap iron in East China has declined, and the pace of shipments from recycling stations has slowed down. In order to replenish inventory, some steel mills have actively raised purchase prices to attract supply. This also reflects that in the supply and demand game in the scrap iron market, steel mills are temporarily on the side of taking the initiative to raise prices. For practitioners engaged in the processing and recycling of machined iron scraps , East China is currently a good time for shipments.

Prices in North China are mixed

On June 11, Hebei Zhangxuan Technology raised the scrap purchase price by 20 yuan per ton. Tangshan Zongheng Steel Plant also raised the price by 20 yuan, and the price of mold steel reached 2,480 yuan per ton. However, the tax-exclusive price of some Jianlong materials in Luliang, Shanxi fell by 10 yuan per ton, which shows that the market is not rising across the board. There are a large number of steel mills in North China, and each of them adjusts prices according to inventory and demand, resulting in inconsistent rises and falls.

As an important steel town, Tangshan in Hebei Province uses a large amount of scrap iron, and its price fluctuations will have a direct impact on the surrounding areas. Scrap iron recycling price update on June 11: How much does one pound cost nationwide? Here is a look at the rise and fall of market conditions in various places. For this reason, machining iron scrap processing and recycling companies in this land need to pay close attention to the price adjustment news given by steel mills in order to adjust the shipment rhythm in a timely manner. Some recycling stations have reported that even if the price has increased, in the actual transaction process, the quality inspection is extremely strict . Machining iron scrap processing and recycling . Moreover, deductions for miscellaneous items are relatively common and widespread, resulting in a high probability that the price you get is lower than the publicly announced price.

Why can’t scrap iron prices rise or fall?

As many places in the South enter the Huangmei season, the progress of outdoor construction projects has slowed down, and construction sites have stopped working during the period of high school and college entrance examinations. As a result, the purchase of steel for construction has been delayed, steel mills are not very willing to purchase scrap steel, and the overall demand situation is in a relatively light seasonal stage. At the same time, compared with molten iron, the advantages of scrap steel in terms of cost performance are not particularly significant. Steel plants that operate through long processes tend to use molten iron for production.

The supply source of scrap steel has a limited increase in quantity. The recycling sites follow the strategy of quick purchase and quick shipment, and do not carry out stockpiling operations. The situation in the market is that the supply of goods is tight but the demand is also in a general state. It is difficult for prices to rise significantly or to fall significantly. Such a stalemate is difficult to break in a short period of time, and the range of price fluctuations has narrowed.

The subsequent trend is likely to fluctuate slightly

Based on the existing supply and demand structure, there are no conditions for a sharp and rapid drop in scrap iron prices. The reason is that the supply of goods is not very sufficient, and at the same time, steel mills have not completely suspended production. However, at the same time, there is a lack of strong upward driving force. When demand is in the off-season and terminal procurement performance is weak, prices will continue to move slightly within the current range. The price may rise or fall in units of more than 10 yuan to 300 yuan per ton.

The price of scrap iron per kilogram fluctuates, ranging from one or two cents to five or six cents. For those engaged in the processing and recycling of machined iron scraps , such a small fluctuation will have a limited impact on profits. They need to pay special attention to long-term trends and changes in steel mill procurement policies. Maintaining a stable shipment rhythm is more stable and reliable than chasing ups and downs and processing and recycling iron filings .

Pay attention to the obvious price differences in different places

Looking at it separately, the price of steel bar pellets in Jiangsu is around 2,520 yuan per ton, the price of mold steel in Hebei is about 2,480 yuan per ton, and the price of some materials in Shanxi is slightly lower. There are obvious and significant differences in prices between different regions and different material types. Recycling stations must take action based on the actual local quotation situation. The prices quoted online are only for reference, and the actual final transaction price is based on the final weighing and acceptance results of the steel plant as the standard.

During the processing and recycling of machined iron chips , factors such as the moisture content of the oil in the iron chips and the content of impurities will have an impact on the final settlement price. It is recommended that practitioners confirm the impurity removal standards with recycling stations or steel mills as early as possible to avoid losses due to quality disputes. At the same time, you need to pay attention to transportation costs, and settle accounts when transferring goods across regions.

Pay attention to price changes and prepare for them

Whether you are a person engaged in scrap recycling , machining iron scraps, processing and recycling , or an enterprise engaged in steel production, you must pay close attention to the changes in scrap iron prices. You should check the price adjustment information of steel mills every day and know the specific prices in the local and surrounding markets so that you can make reasonable decisions. Don't blindly follow what others do, and don't frequently change your business strategy just because of small price fluctuations.

In the field of processing and recycling of machined iron scraps , the industry's profit margins are limited. Under this situation, controlling costs and ensuring stable supply have become crucial points. Here, it is recommended that those engaged in this industry establish a stable supply channel, maintain multiple connections with many recycling stations, and strive to obtain better prices through this method. At the same time, it is necessary to comprehensively improve the quality of iron scrap processing and reduce the content of impurities in it, so as to achieve the purpose of increasing the sales price.

How much was the price of the scrap iron you shipped recently? Did it increase or decrease compared to last week? You are welcome to share your actual transaction price in the comment area. At the same time, like and bookmark this article so that you can check the changes in the local market next time.