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05 May
16:38

Chinese scrap drops despite lower supply

China's scrap market prices held steady during the Labour Day break, but fell sharply after returning from the holiday. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,742/tonne ($396/t), including VAT. This is CNY 48/t lower from Thursday and CNY 56/t lower from the previous Friday. Data from information provider Fubao show that 49 independent electric arc furnace mills in Cā€¦
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