CHINA STEEL SCRAP: Labor Day holiday subdues buying appetite

The Chinese import steel scrap price was stable on Friday April 30 ahead of the Labor Day public holiday on May 1-5.

Demand for imported heavy scrap stayed weak because Chinese buyers are getting ready for the five-day break and business activity dropped to a minimum.

There was a transaction heard concluded at $520 per tonne cfr northern China today for a Japanese HS cargo to Jingtang port, although the quantity could...

Published

Paul Lim

Tianran Zhao

April 30, 2021

09:29 GMT

Shanghai, Singapore