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13 Jan

China's scrap holds with holidays approaching

China's scrap prices stood still due to cooling market transactions, and scrap demand has hit a pre-holiday trough. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,042/tonne ($452/t), including VAT. This is down CNY 1/t from Thursday and from the previous Friday. Data from information provider Fubao show that 49 independent EAF mills in China reported a 17…
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