28
Oct
11:56
Chinese scrap slumps on lower demand
The Chinese scrap market weakened as mill profits contracted, even though arrivals fell over the same period.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,697/tonne ($372/t), including VAT. This is CNY 82/t lower from Thursday and CNY 80/t down compared with the previous Friday.
Data from information provider Fubao show that 49 independent EAF mills in China rep…
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Anonymous
Very good overview of the weekly steel market.
Anonymous