22
Apr
14:48
Chinese scrap prices hold despite short supply
The Chinese scrap market has turned into a downtrend even though market shipments fell and demand is recovering.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,941/tonne ($606/t), including VAT. This is CNY 2/t lower from Thursday and compared with the previous Friday.
Data from information provider Fubao show that 49 independent electric arc furnace mills in China rep…
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Anonymous
Very good overview of the weekly steel market.
Anonymous