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Chinese heavy scrap prices set to fall

August 30, 2010 - 00:00 GMT

Traders in China’s ferrous scrap market expect prices to fall as much as 300-400 yuan in the next few weeks following a softening of the steel market.

Traders in China’s ferrous scrap market expect prices to fall as much as 300-400 yuan in the next few weeks following a softening of the steel market. Mainstream heavy scrap prices in eastern China stood at 2,950-3,080 yuan...

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