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16 Dec

China's scrap boosted by tight supply

China's scrap prices rose last week. Demand was boosted as mills took stocks for winter storage. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,015/tonne ($432/t), including VAT. This is up CNY 1/t from Thursday and up CNY 65/t compared with the previous Friday. Data from information provider Fubao show that 49 independent EAF mills in China reported a 37…
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