Tag: Chinese scrap inventory

Steel scrap inventories at the 61 Chinese steel plants including both blast furnace (BF) and electric-arc-furnace (EAF) producers plunged to a two-month low of 2.84 million tonnes as of February 2, according to Mysteel’s latest survey published on the same day. Compared with January 16, scrap stocks at these mills fell 26.6% or about 1…