23
Sep
16:16
Weak currency hits China's scrap imports
The Chinese scrap market has continued to fall in the last week, and operating losses have spread from electric arc furnace steel mills to blast furnace steel mills.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,063/tonne ($430/t), including VAT. This is up CNY 6/t from Thursday but CNY 71/t lower compared with the previous Friday.
Data from information provider Fubao…
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Anonymous
Very good overview of the weekly steel market.
Anonymous