21
Oct
12:56
Falling Chinese scrap prices boost consumption
The Chinese scrap market continues to decline driven by Shagang's scrap price cut. However, this has improved the cost-effectiveness of scrap for steel mills, and supported EAF restarts.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,777/tonne ($383/t), including VAT. This is CNY 46/t lower from Thursday and CNY 137/t down compared with the previous F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous