CHINA STEEL SCRAP: Prices unchanged amid stable demand

Prices for imported ferrous scrap in China were unchanged on Friday April 23 amid stable demand-and-supply fundamentals.

Bids for HRS101-grade heavy scrap were heard at $505 per tonne cfr northeast China. This was equivalent to around $495 per tonne cfr east China.
Offers for imported ferrous scrap were heard at $510-515 per tonne cfr north China. This was equivalent to around $500-505 per tonne cfr east China.
The offers were stable week on week amid bullish sentiment in the Japanese domestic scrap market.

Fastmarkets’ price assessment for steel scrap, heavy recycled...

Published

Paul Lim

Tianran Zhao

April 23, 2021

11:35 GMT

Shanghai, Singapore