08
Mar
12:57
Chinese scrap falls on weak raw materials market
China's scrap market showed a continuous decline last week due to high inventory at steel mills and pressure on steelmaking profits.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 2,863/tonne ($398/t), including VAT. This is CNY 3/t lower from Thursday and lost CNY 46/t from a week before.
Data from information provider Fubao show that 49 independent electric arc furnace mills…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous