INDUSTRY NEWS
Scrap inventory stable Market rise and fall is limited
Last week, the national scrap market first suppressed and then rose, the market again from green to red, steel mills scrap steel to the goods fell significantly, and along with a small rebound in the price of rebar, steel mills small price increase operation to maintain delivery. At present, inventory is at a relatively low level during the year, after the first two weeks of inventory sharp rise period, short-term scrap prices are more resistant to decline, demand remains stable. The same period in 2018 there was a period of about 1 and a half months of small inventory growth period, during which scrap prices maintained a downward trend, rebounded in December, while inventory declined, New Year's Day to the Spring Festival rose again. The 2019 Lunar New Year is about 10 days earlier than last year, and due to this year's continued tightening of scrap resources, steel mills strive to maintain a stable trend of scrap steel arrival, the state of small inventory growth is expected to continue to maintain, inventory floating space will be more limited, while the price change range will be correspondingly narrowed.
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