28
Jan
11:37
Falling scrap price triggers Chinese buyers
The recent downtrend in international scrap markets has led Chinese scrap buyers to more actively seek material for import.
Kallanish learns from market contacts that Chinese buyers are securing deals for scrap from the United States, Europe and Japan.
Sources say at least 30,000 tonnes of US shredded scrap was sold at $430/tonne (CNY 2,780/t) cfr China to a major private producer in eastern China. This price is significantly lower than the $4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous