Heavy scrap prices in Tangshan increased by 120 yuan/ton (16 USD) compared to the previous month to 2,590 yuan/ton (357 USD) as of the end of April. However, considering the average values, heavy scrap prices in the Tangshan region in April fell to 2,540 yuan/ton (351 USD), down 53 yuan/ton compared to the previous month.
According to Steel Radar's evaluation, 6 mm scrap prices, which remained stable at 377 USD in mid-April, dropped sharply to 370 USD on April 28. Scrap prices, which remained at the same level until May 6, rose to 380 USD on May 8.
After a subsequent slight decline, Chinese scrap prices were recorded at 376 USD on May 13.
Today, some local steel producers have increased their scrap prices and the general market prices are following a stable trend. Steel mills continue to increase scrap prices by 10-50 yuan/ton. The market rose slightly today and there was a slight increase in scrap steel prices, indicating an optimistic attitude in the market.
Overall, prices in the scrap steel market have increased slightly and the market is expected to move in a positive direction. The scrap steel market for tomorrow is expected to be stable or strong. This may be a positive sign for the steel industry and related sectors, but market fluctuations need to be closely monitored.
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