16
Sep
11:51
China's scrap declines on operating losses
The Chinese scrap market turned to decline last week, as the return of Covid in Sichuan and operating losses at electric arc furnace steel mills hit scrap demand.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,134/tonne ($447/t), including VAT. This is down CNY 8/t from Thursday and CNY 5/t lower compared with the previous Friday.
Data from information provid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous