Tag: China Scrap Consumption

China’s scrap price index rose for the fourth week, up another RMB 54.1/MT (USD 7.7/MT) on week to its a two-month high of RMB 2,439.9/MT on delivery to mills and including the 13% VAT as of May 15, according to Mysteel’s assessment, as major steelmakers had been willing to pay more for the replenishment of…