This week, domestic scrap steel prices remained generally stable with some local drops of 20-50 yuan. The markets seeing declines in A210 boiler pipe prices were primarily second and third-tier mills in East China and the Tangjing area in North China. Research indicates that the main reason for the market downturn in these areas is as follows: Midway through the month, due to significant price increases in finished steel products across various regions, some small furnaces raised prices to replenish stocks. However, the upward trend has now exceeded the actual market demand, and without strong demand support, the small furnaces that raised prices can only lower their purchase prices. In the southern region, large steel mills' procurement prices are currently stable, so the minor price adjustments of 20-50 yuan in the second and third-tier factories are unlikely to drive overall market changes. Moreover, with general market inventory and a reluctance of merchants to sell below cost, it is expected that the southern scrap steel market will remain weak and on the watch next week. In the northern region, due to the significant decline in billet prices this week, both manufacturers and traders have been somewhat demoralized.