Author: Lalita
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China qualified scrap yards’ stocks fall 9.5% m-o-m in May
Stocks of steel scraps including both processed and unprocessed at China’s 293 licensed scrapyards under Mysteel’s survey decreased 9.5% on month in May, which was due to the robust demand from the domestic steel mills as well as accelerated delivery from the scrapyards on price declines in the latter half of May, Mysteel Global noted.…