Tag: China: Ferrous scrap prices likely to face pressure in Jun’26 amid seasonal demand slowdown

Lower finished prices to reduce mills’ appetite for scrap Scrap demand to slow as hot metal regains cost advantage Mysteel Global: China’s ferrous scrap market is expected to face downward pressure in June after strengthening during May, as weakening steel demand and lower finished steel prices are likely to reduce mills’ appetite for scrap. Market…