Copying and distributing are prohibited without permission of the publisher

Chinese ferrous scrap prices to rise on re-stocking

March 11, 2010 - 04:07 GMT Location: Shanghai

KEYWORDS: China , scrap , price

Heavy scrap prices are expected to rise slightly later in March as steel mills will need to replenish stocks, market participants told MB.

Scrap prices were stable at 2,750-2,950 yuan ($402-432) per tonne this week, with steel mills and traders indicating that prices have more room to rise. "Steel mills have scrap inventory for about a month, and they...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

  • TREVOR TARRING: The baby and the bathwater

    “Don’t throw out the baby with the bathwater” is a well-known adage.

Upcoming Events