22
Aug
01:00
Fengli scrap stoppage shows Chinas data flaws
China’s largest ferrous scrap dealer, Fengli Group, has now ceased scrap trade for a week as it says it is not possible to make a profit in the current market. The development again gives the lie to China’s hot metal output figures which analysts have said are underreported, and as recently highlighted by Kallanish.
Shagang in eastern China’s Zhangjiagang is by far China’s largest scrap consumer, and Fengli’s biggest customer, c…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous