CHINA STEEL SCRAP: Import prices stabilize on weaker steel prices

The import price for heavy scrap (HS) into China stabilized on Thursday April 8 due to softer downstream steel markets, although importers were still actively seeking cargoes, sources told Fastmarkets.

Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China was unchanged at $475-480 per tonne on Thursday.
Major steel product prices dropped in China's domestic market amid reduced trading activity.
Fastmarkets’ daily assessment for steel hot-rolled coil domestic, ex-whs Eastern China was at 5,480-5,520 yuan ($838-844) per tonne on April 8, down by 50-70 yuan per tonne day by day.

Buyers are hesitant...

Published

Jessica Zong

April 08, 2021

10:50 GMT

Shanghai, Singapore