Tag: China Scrap Inventory
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Chinese scrap prices remained firm last week
China’s domestic steel scrap market remained generally stable over August 7-14, supported by lower stocks of scrap among steelmakers amid the mills’ firm demand and seasonal scrap supply tightness. Higher iron ore prices also played a part. As of August 14, Mysteel’s steel scrap price index was at Yuan 2,555/tonne ($365/t) on delivery and including…