29
Oct
00:00
Shandong scrap traders squeezed by falling prices
Scrap dealers in Shandong are coming under increasing pressure as scrap prices in the region have fallen Yuan 300/tonne, or almost 19%, over the last two months, according to local media monitored by Kallanish. Dealers have been forced to trade at a loss to maintain cash flow and keep up with loan repayments, the Weihai Evening News reports.
Scrap prices have fallen to around Yuan 1,300/t ($213/t) from Yuan 1,600/t just two months ago, according to Zou Jianj…
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Anonymous
Very good overview of the weekly steel market.
Anonymous