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12 Jan
14:48

China supports scrap prices, raises supply implications: Irepas

China’s permission of scrap imports will reset trade routes, directing Japanese and some US West Coast scrap to the country. This, along with Russia’s revision of the minimum tax on scrap exports and the healthy US local market, will help prop up scrap prices, says the International Rebar Exporters and Producers Association (Irepas). Imported scrap may cool off domestic scrap pricing in China – which has traditionally been higher – and may …
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