Fastmarkets’ price assessment for steel scrap, heavy recycled steel materials, cfr China
was $475-480 per tonne on Wednesday April 7, up by $15 from $460-465 per tonne on April 6. This followed a $5 narrowing in the range the day before from $455-465 per tonne.
China's appetite for imported steel scrap has risen following a sharp uptick in Chinese domestic and export steel prices
over the past week, market participants told Fastmarkets.
Buyers have increased their bids for imported HRS101 scrap to $470-480 per tonne cfr northern China, while one eastern China buyer was heard to be bidding...