26
May
13:13
Chinese scrap slumps amid panic selling
China's steel scrap market faced panic selling amid the collapse of the steel market. Market shipments of scrap were growing rapidly as sellers accelerated sales to avoid losses. However, there is less demand support from the steel raw material side, and scrap steel prices are expected to remain weak in the short term.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,…
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Kallanish Asia
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