Tag: china steel scrap
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Chinese steel scrap prices stable, stocks fall
China’s domestic steel scrap market remained steady over the week of February 11-18, with Mysteel’s steel scrap price index nudging up slightly by Yuan 6.5/tonne ($1/t) on week to Yuan 3,654.8/t on delivery and including the 13% VAT as of February 18, the latest survey found. Lingering low scrap availability had supported prices, sources said.…