Latest news on China Diecasting Steel Scrap markets

China's EAF producers still face high costs

China's electric-arc furnace (EAF) steelmakers are still grappling with high costs, as the surge in prices of graphite electrodes and the tightened supply of domestic steel scrap are keeping the overall costs of their raw materials at very high levels, according to a Beijing-based analyst on May 15.

WEEKLY: China's scrap prices up on rising demand

China's market for ferrous scrap strengthened over the short week following the country's May Day holiday (April 29-May 1), with the carbon steel scrap price in Zhangjiagang in East China's Jiangsu province gaining Yuan 80/t ($12.6/t) or 3.8% on week to Yuan 2,210/t excluding the VAT, as of May 4.

China March scrap steel imports off 10.5% on month

China's imports of scrap steel in March declined 10.5% or 20,000 tonnes on month to 170,000 tonnes, according to the latest data from China's General Administration of Customs released on April 25. The total was down 19.3% or by 40,000 tonnes on year.

Finished steel uptick lifts Chinese scrap prices

China's scrap market pulled up strongly on April 23, mainly due to buoyant sentiment from the finished steel market and to traders' joint efforts to prop up prices. Among all scrap markets nationwide, that in East China showed the sharpest growth, with Mysteel's 6-8mm carbon scrap steel price in Zha

China's pig iron output down 1.1% on year

China's pig iron output in March edged down 1.1% on year to reach 60.46 million tonnes while crude steel output during the same month picked up 4.5% on year to register 73.98 million tonnes, according to the latest output statistics released by China's National Bureau of Statistics (NBS) on April

Tokyo Steel raises scrap buying prices

Japan's leading independent mini-mill, Tokyo Steel Manufacturing, announced late Monday to raise procurement prices of all grades of scrap by Yen 500-1,000/tonne ($4.7-$9.4/t) on delivery to two of its four works, effective on March 13, according to a company post.

Taiwan's Feng Hsin cuts weekly rebar price by $6.9/t

Feng Hsin Steel, Taiwan's biggest rebar producer decided to cut its rebar price by TWD 200/tonne ($6.9/t) on week together with lowering scrap procurement cost by the same degree, a company official confirmed on January 30.

China's Anyang Steel mulls investing in metal recycling

Anyang Iron & Steel Group (Anyang Steel), the largest steel mill in Central China's Henan province has decided to extend into metal scrap business via cooperating with China Recycling Development Corporation (CRDC), the country's largest resource recycling company, company officials confirmed on Jan