Tag: China Scrap Inventory
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Chinese scrap stocks decline over 6% due to rains and firm demand
The total volume of steel scrap held at the 289 scrapyards across China surveyed regularly by Mysteel dropped by 6.4% on month during July, largely due to firm scrap demand from domestic steel mills and the seasonal supply tightness caused by wet season rains. As of July 27, the scrap yards – all qualified…