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12 May

Chinese scrap prices decline, demand recovers

Although scrap prices in China are still on a downward trend, demand for scrap in the spot market has started to pick up. On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,719/tonne ($391/t), including VAT. This is CNY 39/t lower from Thursday and CNY 23/t lower from the previous Friday. Data from information provider Fubao show that 49 independent electric arc furnace mills in Chi…
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