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12 Mar
10:00

China's scrap prices decline on weaker raw materials

China's scrap prices saw a decline last week with less confidence among market traders, while stricter restrictions in Tangshan have hit the Chinese raw materials market. On Friday, Kallanish assessed Chinese heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,351/tonne ($515.2/t) including VAT, down CNY 20/t compared with the previous Friday. Last week, another five electric arc furnace steel plants sta…
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