07
Jan
10:43
China's scrap prices improve, EAF mills face loss
China's scrap prices have increased as deliveries to mills have declined. Shagang increased its scrap purchase price by CNY 100/tonne ($15.69/t) last week, showing that steel mills are willing to increase inventory before the upcoming Chinese New Year holiday.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,652/tonne ($573/t), including VAT. This is CNY 41/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous