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04 Nov
The Chinese scrap market pared its decline last week, but losses at steel mills hampered scrap consumption. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,625/tonne ($363/t), including VAT. This is CNY 22/t higher from Thursday but CNY 72/t down compared with the previous Friday. Data from information provider Fubao show that 49 independent EAF mills in China repo…
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