Raw materials prices have fallen further reflection of the plight of the steel industry. In iron ore prices lower yesterday, sources said, known as iron ore, "substitute" the scrap price plummeted, and even had a day down 200 yuan / ton.
The data show that the products of iron and steel scrap and scrapped after use of the equipment, iron and steel plant in the production process does not become a component in the iron and steel materials, collectively referred to as scrap can be used as the steel-making raw materials. In recent years, the high price of imported iron ore, the mountain has become increasingly heavy, iron and steel industry need to find a less polluting and relatively cheap raw materials instead of imported iron ore, so the scrap by the concerns of the industry.
But recently, scrap prices, such as a roller coaster-like decline. As of July 25, compared with the high point in April, the scrap price has dropped to 620 yuan / ton, a drop of up to 18.6%, only a day had fallen by 200 yuan / ton in July 23. Not only that, analysts believe that the next scrap market prices will accelerate the dropping.
According to the previous forecast, in 2012 domestic scrap about -9150 90 million tons, the total demand for scrap steel prices of about 96 million tons. Insiders pointed out that the scrap decline in value can reduce the production costs of steel enterprises, but also the steel prices have lost support, the two are likely to pull each other lower. Scrap subject to the attention of the industry is not a long time, so the low price is not conducive to its development.
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