Author: Kanishka Chhabria
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MYSTEEL: China’s ferrous scrap prices may soften in Aug
Mysteel Global: Ferrous scrap prices in China will probably continue falling this month, under the pressure of weakening finished steel prices as well as shrinking demand for scrap from steelmakers, according to Mysteel’s recent report on the market. Steel scrap prices throughout China dropped markedly in July and, entering this month, have yet to display…