Tag: China Scrap purchase prices

Steel scrap inventories at the 61 Chinese steel plants including both blast furnace and electric arc furnace (EAF) producers Mysteel canvasses weekly continued to rise to hit a near 11-month high of 3.4 million tonnes over December 20-26. This represented another 6.2% or 197,300 tonnes rise week-on-week and marked the eighth successive weekly climb, according…