Tag: china steel scrap
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China: Qualified yards’ scrap falls by 8% m-o-m in Jan’22
The stocks of processed and unprocessed steel scrap held by the 406 licensed steel scrapyards across China decreased during January, declining for the second month by another 7.9% from December, Mysteel’s monthly survey has found. Chiefly responsible for the fall was active procurement among domestic steelmakers and the decisions of some scrap suppliers to suspend…