Tag: chinese scrap prices

China’s domestic steel scrap market experienced a small decrease last week as deliveries to steel mills were on the rise, with Mysteel’s steel scrap price index as of May 29 nudging down by RMB 7.8/MT (USD 1.1/MT) on a week to RMB  2,439.1/MT on delivery to steel plants and the 13% VAT. Most steelmakers reduced…