Tag: China: Ferrous scrap market stabilises in mid-Jul’26 as supply constraints offset weak seasonal demand

High temperatures, flooding, tighter recycling norms limit scrap supply Mills keep inventories low at 8-9 days amid weak finished steel demand China’s domestic scrap steel market has exhibited typical off-season characteristics since the start of July, marked by weak supply and demand, narrow price fluctuations, and regional divergence. Four key factors, namely the high-temperature and…