Tag: Chinese scrap consumption
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Chinese Steel Mills’ Scrap Stocks Hit Near 1-Year High
Steel scrap inventories at the 61 Chinese steel plants Mysteel monitors weekly comprising both blast furnace and electric arc furnace (EAF) steelmakers continued to rise to hit a near one-year high of 3.74 million tonnes as of January 9, the highest since February 1 last year. This represented a week-on-week climb of 160,200 tonnes or…