11
Jun
13:43
Chinese scrap jumps on tight supply
Although scrap arrivals to steel mills increased last week, tight supply still supported an increase in scrap prices in China.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,665/tonne ($574/t) including VAT. This is up by CNY 16/t from Thursday and CNY 44/t higher compared with the previous Friday.
Data from information provider Fubao shows that 49 independent …
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Anonymous
Very good overview of the weekly steel market.
Anonymous