28
May
15:50
Chinese scrap imports go quiet after price collapse
Chinese scrap prices continued to decline last week amid the weakened steel market, although the recovery of steel prices starting from Thursday triggered some higher mill prices on Friday. Importers, meanwhile, are wary of booking and their bids are also declining.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,467/tonne ($544/t) including VAT. This is up by CNY 4/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous