10
Sep
12:48
China's scrap firms but outlook weakens
China's scrap market rose as demand improved last week, but steel production restrictions have hit market sentiment.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,801/tonne ($590/t) including VAT. This is CNY 12/t lower since Thursday but CNY 3/t higher compared with the previous Friday.
Data from information provider Fubao show that 49 independent electri…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous