09
Sep
14:00
China's scrap increases on reducing supply
The Chinese scrap market saw prices rise due to lower supply last week, but scrap usage fell slightly on lower steel mill demand.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,139/tonne ($446/t), including VAT. This is down CNY 1/t from Thursday but CNY 57/t higher compared with the previous Friday.
Data from information provider Fubao show that 49 independent EA…
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Anonymous
Very good overview of the weekly steel market.
Anonymous