10
Mar
12:07
China's scrap holds on firm demand
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China's scrap prices were almost flat last week, and the quick arrival of scrap has relieved the market from supply concerns.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,153/tonne ($453/t), including VAT. This is up CNY 6/t from Thursday and increased by CNY 5/t from the previous Friday.
Data from information provider Fubao show that 49 independent ele…
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Anonymous
Very good overview of the weekly steel market.
Anonymous