21
Jul
11:52
China's scrap gains with restrictions
China's steel scrap market rose steadily last week. Production restrictions in Hebei stimulated market confidence to rebound.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,838/tonne ($395/t), including VAT. This is unchanged from Thursday and up CNY 2/t from the previous Friday.
Data from information provider Fubao show that 49 independent electric arc furnace mills in Chin…
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