Tag: China: Scrap prices firm in February on pre-holiday restocking and tight supply

Pre-CNY stocking supports scrap prices despite muted buying pace Post-holiday inventory risk may lift prices further Mysteel Global: China’s steel scrap prices remain firm in February, supported by pre-holiday restocking by steelmakers and tightening availability in the spot market, even as overall buying activity stays measured. According to Mysteel Global, mills continue to secure scrap…