Tag: China Scrap Consumption
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Steel scrap stocks at qualified China yards up 4% m-o-m
The stocks of processed and unprocessed steel scrap held by China’s 288 licensed steel scrapyards had grown by 3.9% on-month as of August 24, reflecting the improved availability of scrap thanks to increased recycling activity and larger amounts of return being generated, especially in the country’s auto-manufacturing base in eastern China, according to Mysteel’s latest…