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24 Mar

China's scrap prices see losses

Falling steel prices dragged down scrap prices in China last week, raising risk aversion in the market. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,041/tonne ($442/t), including VAT. This is down CNY 45/t from Thursday and CNY 95/t lower from the previous Friday. Data from information provider Fubao show that 49 independent electric arc furnace mills in China r…
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