17
Sep
12:41
China's scrap prices plummet on Jiangsu production cuts
China's scrap market was hit hard last week by steel output restrictions. In particular, Jiangsu steel mills were required to cut production drastically, which led to a sharp drop in scrap demand.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,690/tonne ($572/t) including VAT. This is CNY 73/t lower since Thursday and CNY 111/t lower compared with the previo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous