15
Oct
13:51
China's scrap prices increase on mill output resumptions
China's scrap consumption has risen again as steel mills resume production, pushing up scrap prices.
On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,810/tonne ($592/t), including VAT. This is CNY 1/t lower than Thursday but CNY 53/t higher than last Friday.
Data from information provider Fubao show that 49 independent electric arc furnace mills in China reported …
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Anonymous
Very good overview of the weekly steel market.
Anonymous