22
Sep
09:43
Chinese scrap gains with higher shipments
Chinese scrap prices rebounded last week, accompanied by a rapid increase in scrap shipments.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,881/tonne ($394/t), including VAT. This is down CNY 7/t from Thursday but increased by CNY 23/t from the previous Friday.
Data from information provider Fubao show that 49 independent electric arc furnace mills in China reported a 48% …
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Anonymous
Very good overview of the weekly steel market.
Anonymous