Tag: China Scrap Inventory

China’s 289 licensed steel scrapyards posted a 25% on-month recovery in their processed steel scrap stocks and a nearly 30% on-month growth in their unprocessed materials by May 22, as they have been stocking up actively on the robust demand from the Chinese steel mills, according to Mysteel’s latest survey. As of May 22, processed scrap totalled 778,400 tonnes…