18
Feb
13:57
Chinese scrap jumps on recovered demand
The gradual post-holiday resumption of production by Chinese steel mills led to an increase in scrap demand last week. Meanwhile, the new tax policy for the scrap industry has disrupted trading between steel mills and collectors, but it should help standardised collectors to reduce tax costs.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,680/tonne ($582/t)…
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