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Chinese ferrous scrap prices to rise on re-stocking

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

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...

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Ferrous

Feb 5, 2012 02:17 Chicago ferrous scrap prices hit by surplus
Feb 5, 2012 02:05 Pittsburgh, Cleveland ferrous scrap prices fall
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