03
Nov
15:06
Chinese scrap picks up on stronger steel market
Chinese scrap prices have seen a rebound driven by the recovery of the steel market. However, the increase of scrap arrivals may trigger inventory pressure at steel mills.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,796/tonne ($382/t), including VAT. This is CNY 2/t higher from Thursday and up CNY 24/t from a week before.
Data from information provider Fubao show that 49 inde…
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Anonymous
Very good overview of the weekly steel market.
Anonymous