07
May
14:39
Strong outlook, iron ore boost Chinese scrap
The Chinese scrap market saw a slowdown in the arrival of material to steel mills during the holiday period last week, but high steel output caused scrap consumption to remain firm.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,690/tonne ($571/t) including VAT. This is up by CNY 41/t from Thursday and CNY 132/t higher compared with the previous Friday.
Data fr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous