17
Jun
16:08
Chinese scrap has best raw materials outlook: Roper
Export demand will support Chinese prices through the third quarter until global prices turn lower when the restocking cycle is finished, according to Shanghai Metals Market general manager Ian Roper. The restocking cycle may however run through the end of the year.
Chinese prices are “very unlikely to go down, even with the backdrop of the current poor domestic demand”, Roper said at the Kallanish Europe Steel Markets virtual conference on Thursday.
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Anonymous
Very good overview of the weekly steel market.
Anonymous