17
Mar
15:31
China's scrap declines on weak steel market
China's scrap prices fell sharply last week, and the turmoil in the steel market made raw material prices plummet.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,136/tonne ($455/t), including VAT. This is down CNY 18/t from Thursday and CNY 17/t from the previous Friday. It is also CNY 57/t lower compared to Monday.
Data from information provider Fubao sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous