16
Aug
12:50
China's scrap drops, Shagang cuts offers
China's scrap market experienced a significant acceleration in its downward trajectory last week, closely aligned with the sharp downturn of the steel market. The financial pressures on steel mills have had a negative impact on the performance of the scrap market in China.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,320/tonne ($323/t), including VAT. This is CNY 25/t lower…
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Anonymous
Very good overview of the weekly steel market.
Anonymous