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28 Jul

China's scrap rises on improving steel market

China's steel scrap market increased during last week with the improvement of steel markets. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,871/tonne ($401/t), including VAT. This is unchanged from Thursday and up CNY 33/t from the previous Friday. Data from information provider Fubao show that 49 independent electric arc furnace mills in China reported a 46% operating …
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