22
Jul
14:50
Chinese scrap stabilises, consumption falls
Chinese scrap prices have gradually recovered after falling last week. The recovery of Chinese steel markets has temporarily supported scrap prices to stop falling.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,664/tonne ($394/t), including VAT. This is up CNY 23/t from Thursday and CNY 1/t higher compared with the previous Friday.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous