04
Mar
13:03
Chinese scrap increases, tax policy cuts supply
Chinese scrap prices rose slightly over last week. The implementation of the new tax policy resulted in some suppliers not complying with the purchasing requirements of steel mills, which also affected market shipments.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,660/tonne ($579/t), including VAT. This is CNY 3/t lower from Thursday but up CNY 19/t compa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous