Tag: China ferrous scrap prices hit multi-year low

Mysteel Global: Chinese steel scrap prices posted steep drops last week under the heavy pressure of the comparatively more significant decline of finished steel prices, Mysteel’s latest survey showed. As of July 26, China’s composite steel scrap price had lost a total of Yuan 99.6/tonne ($13.7/t) on week to reach Yuan 3,667.3/t including the 13%…