09
Apr
16:48
China's scrap prices rebound on tight supply
China's scrap supply remained tight last week, and rising daily scrap consumption has stimulated prices to pick up.
On Monday, Kallanish assessed Chinese heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,460/tonne ($527/t) including VAT, up CNY 7/t from Friday and CNY 77/t compared with the previous Monday.
Data from information provider Fubao shows that 49 independent electric arc furnace mills i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous