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30 Sep

Chinese scrap rises on tight supply

The Chinese scrap market saw price increases last week due to a large drop in arrivals. The profits of blast furnace steel mills are meagre, and electric arc furnace steel mills are still in the red. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,086/tonne ($434/t), including VAT. This is unchanged from Thursday and CNY 23/t higher compared with the previous Friday…
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