Tag: china scrap
-

China: Steel scrap prices firm despite rising stocks
China’s domestic steel scrap market remained generally stable over the week of January 14-21, with Mysteel’s steel scrap price index assessed at Yuan 3,632.2/tonne ($573.2) on delivery and including the 13% VAT, nudging higher by a tiny Yuan 0.2/t on week. The scarcity of market transactions with the approach of the Chinese New Year (CNY)…