25
May
10:17
BIR: China consumes more scrap than reported
At the annual conference of the Bureau of International Recycling (BIR) in Hong Kong last week there remained some confusion over Chinese scrap consumption figures and accusations of underreporting.
As China has begun exporting some scrap cargos, the uncertainty of these figures is a major concern to traders. However, the underlying fact remains that a large volume of scrap should be consumed domestically before exports become too high, Kallanish notes…
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Anonymous
Very good overview of the weekly steel market.
Anonymous