Tag: Chinese Ferrous Scrap

Steel scrap inventories at the 61 Chinese steel plants including both blast furnace and electric arc furnace (EAF) producers Mysteel canvasses weekly continued to rise to hit a near 11-month high of 3.4 million tonnes over December 20-26. This represented another 6.2% or 197,300 tonnes rise week-on-week and marked the eighth successive weekly climb, according…