Tag: China Scrap Consumption
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China qualified yards’ scrap stocks drop 4.6% m-o-m in Aug
The stocks of processed and unprocessed steel scrap held by the 293 licensed steel scrapyards in China reversed down after two months of inclines during August, decreasing by 4.6% on month. Chiefly responsible for the decrease was slower recycling activities in the market plus the dealers’ faster pace of delivering scrap to mills, according to…