29
Mar
12:43
Chinese scrap drops in market downturn
China's scrap market gradually declined last week, with Chinese steel mills suppressing purchasing prices during the steel market downturn.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,637/tonne ($365/t), including VAT. This is CNY 10/t lower from Thursday and down CNY 45/t from a week before.
Data from information provider Fubao show that 49 independent electric arc furna…
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Anonymous
Very good overview of the weekly steel market.
Anonymous