Tag: China’s ferrous scrap prices are expected to decline further in April 2025 due to weakening demand from BF and EAF mills

Mysteel: Chinese prices for ferrous scrap are expected to keep tracking downward in April, dragged by a potential decline in scrap demand among steelmakers as well as dim sentiment in the domestic ferrous market, according to Mysteel’s latest report on the market. The country’s steel scrap prices declined throughout March, with the national composite prices…