12
Aug
15:39
BFs support Chinese scrap prices amid EAF stoppages
Chinese scrap prices were on the strong side last week, with blast furnace mills supporting scrap demand, while electric arc furnace mills will shut down again due to power cuts.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,123/tonne ($463/t), including VAT. This is down CNY 4/t from Thursday but CNY 153/t higher compared with the previous Friday.
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Anonymous
Very good overview of the weekly steel market.
Anonymous