03
Feb
13:42
Chinese scrap hikes on tight supply
Chinese scrap prices surged after the Lunar New Year holiday due to tight supply, but spot transactions remained weak.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,070/tonne ($455/t), including VAT. This is up CNY 5/t from Thursday and from the previous Friday.
Data from information provider Fubao show that 49 independent electric arc furnace mills in China reported a 15.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous