28
Apr
13:20
Chinese scrap prices slump in declining market
China's scrap market prices were in a trough last week due to negative feedback from the steel market, with some steel mills suspending scrap purchases.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,798/tonne ($404/t), including VAT. This is unchanged from Thursday but CNY 174/t lower from the previous Friday.
Data from information provider Fubao show that 49 independe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous