14
Jan
13:48
EAF shutdowns hit Chinese scrap demand
The Chinese scrap market entered a period of oversupply last week. As the Spring Festival holiday is approaching and production costs are high, many electric arc furnaces have stopped working.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,652/tonne ($575/t), including VAT. This is CNY 3/t up from Thursday and remained stable compared with th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous