Tag: chinese scrap prices

China’s domestic steel scrap price may have bottomed out, as over 50 steel mills across China including both blast-furnace (BF) and electric-arc-furnace (EAF) producers have agreed to raise their scrap procurement prices by RMB 30-180 (USD 4.3-25.7/MT) to secure supplies, Mysteel Global noted. As of April 15, Mysteel’s steel scrap pricing index recovered 3.8% on…