02
Jul
16:01
Chinese scrap holds but supply and demand retreat
The Chinese scrap market experienced a double decline in both supply and demand last week. Market rumors that control of steel production will lead steel mills to reduce scrap consumption have meanwhile undermined sentiment.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,733/tonne ($590/t) including VAT. This is stable from Thursday but up CNY 15/t compared…
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Anonymous
Very good overview of the weekly steel market.
Anonymous