25
Jun
14:22
Chinese scrap falls on increased supply
Chinese scrap prices fell last week due to a sharp increase in supply to mills. The margins of electric arc furnace steel mills are meanwhile approaching zero on lower steel prices, and this is impacting demand.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,718/tonne ($590/t) including VAT. This is up by CNY 2/t from Thursday but down CNY 76/t compared wit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous