Tag: china scrap stocks
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China qualified yards’ scrap stocks up 9.2% in Dec
The stocks of processed and unprocessed steel scrap held by the 406 licensed steel scrapyards across China ended four months of declines during December, reversing up by 9.2% on month, Mysteel’s latest monthly survey has found. Chiefly responsible for the recovery was the scrapyards’ determination to hold off selling in response to strengthening scrap prices,…