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25 Nov

China's scrap price decline narrows

The Chinese scrap market has gradually stabilized from the decline early last week and recorded a price increase last Friday. However, Covid controls will have a negative impact on scrap transportation. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,829/tonne ($394/t), including VAT. This is CNY 4/t higher from Thursday but down CNY 23/t compared with the prev…
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