Tag: WEEKLY: China steel scrap prices dip further as demand weakens

Chinese steel scrap prices continued moving downward last week, dragged by the persistent decline of finished steel prices, while domestic steelmakers’ demand for ferrous scrap materials weakened as well, Mysteel’s latest survey showed. As of June 21, the country’s national composite steel scrap price index was assessed by Mysteel at Yuan 2,831.2/tonne ($390/t) including the…