Tag: Sales surge triggers decrease in steel scrap Stocks at China’s qualified yards

After rising continuously since mid-November last year, inventories of ferrous scrap held by Chinese scrap yards have fallen recently, Mysteel’s latest survey shows, as softening domestic scrap prices triggered panic selling among scrap processors. As of January 19, the stocks of processed and unprocessed steel scrap held by the 584 Chinese steel scrapyards qualified by…