Tag: China scrap prices

Chinese steel scrap prices reach a 9.5-year high

Apr 30, 2021

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by

Admin Operation

in Melting Scrap

Robust demand and bullish market sentiment have seen Chinese steel scrap prices keep on strengthening, with Mysteel’s steel scrap price index reaching a 9.5-year high on April 28 of Yuan 3,435/t ($530.7/t) on delivery and including the 13% VAT, higher by Yuan 65/t on week or by Yuan 190.2/t on month. “The main reasons behind…