20
Aug
15:12
Chinese scrap decreases on more supply
The Chinese scrap market has trended lower this week due to falling iron ore prices, and an increase in scrap arrivals.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,717/tonne ($572/t) including VAT. This is CNY 9/t lower since Thursday and CNY 27/t lower compared with the previous Friday.
Data from information provider Fubao shows that 49 independent electric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous