Tag: China steel scrap stocks
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Steel scrap stocks at qualified China yards slip 1% m-o-m
The stocks of processed and unprocessed steel scrap held by China’s 287 licensed steel scrapyards reversed down by 1% on month during October, largely due to robust scrap demand from domestic steel mills, according to Mysteel’s latest survey published Tuesday. The dip ended two straight months of increases. As of October 26, the scrap yards…