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05 Mar
10:24

China's scrap prices recover with higher operating rates

China's scrap prices continued to increase last week due to tight domestic supply, but scrap import transactions have calmed. On Friday, Kallanish assessed Chinese heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,371/tonne ($519.8/t) including VAT, up CNY 142/t compared with the previous Friday. More and more electric arc furnace steel mills have ended their holidays and officially restarted production. Th…
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