Tag: China scrap offers
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China: Bids for Japanese scrap fall $10-15/t on week
Bids by Chinese steel mills for the most preferred Japanese HRS 101 grade scrap have further slumped by $10-15/t, w-o-w. Current bids for Japanese HRS 101 scrap are at $505-510/t, CFR China. However, no recent deals have been heard by SteelMint. Softening buying interest has resulted in lower bids for imported Japanese scrap.