In recent days, scrap steel has ended its long-term downward trend and prices have begun to turn upward.
The clouds are clearing and the sky is clear. Most steel mills started to rise the day before yesterday. Yesterday, there was an almost one-sided rise.
Xiwang scrap steel purchase will increase by 30 yuan from 11:30 on May 30, 2022, according to market conditions. The prices after adjustment are as follows: high-quality heavy scrap 3470 yuan, high-quality heavy scrap 3470 yuan, high-quality heavy scrap 3450 yuan , heavy-duty is 3420 yuan, and the prices of other material types remain unchanged.
Prices started to rise sharply today. There were many steel mills whose prices rose by 50%, and some even surged by 100%. As the boss of Shagang, today’s scrap steel purchase price will be directly increased by 100. This is a benchmark in the scrap steel recycling industry!
[Shagang Suzhou Base] Shagang Suzhou Base notified on May 31: The base price increased by 100 yuan/ton
The valve for scrap steel price increase has been opened. Maybe it is because it has been held back for a long time. It is now on the rise, and it is already necessary to continue to increase prices. Now that it’s a done deal, how much higher can it go? How long will it last? It’s still an unknown number now, so let’s pay attention together and wait and see.
