Tag: China scrap yard stock
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China qualified scrapyards’ stocks fall 9.2% m-o-m in May
Stocks of steel scrap including both processed and unprocessed at the 406 licensed scrapyards across China under Mysteel’s regular survey decreased for the second month in May, dropping by 9.2% from April. Survey respondents cited a further slowdown of recycling activities in the market as well as accelerated deliveries from the scrapyards to explain the…