23
Dec
14:45
China's scrap price jumps, import bids increase
The Chinese scrap market continues to strengthen, supported by rebounding demand, but rising prices have compressed steel mill profits.
On Thursday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,609/tonne ($567/t), including VAT. This is unchanged from Wednesday and CNY 106/t higher than the previous Friday.
Data from information provider Fubao show that 49 independ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous