01
Dec
14:02
Chinese scrap declines, import liquidity grows
Chinese domestic scrap prices fell last week as shipments stabilised, with rare liquidity showing up in the imported scrap market.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,830/tonne ($396/t), including VAT. This is CNY 3/t higher from Thursday but down CNY 14/t from a week before.
Data from information provider Fubao show that 49 independent electric arc furnace mills in C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous