Tag: China scrap stock

Steel scrap inventories at the 61 Chinese blast-furnace (BF) and electric-arc-furnace (EAF) producers Mysteel monitors weekly continued to rise last week, with the total hitting a 6.5-month high of 2.24 million tonnes as of January 5. Market watchers attributed the uptick to domestic BF mills’ replenishment for the upcoming Chinese New Year (CNY) holiday later…