CHINA STEEL SCRAP: Importers bid lower due to slump in finished steel prices

China’s import prices for steel scrap declined on Friday May 14 on a sharp drop in the price of steel products.

Fastmarkets’ price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $520-540 per tonne on Friday, down by $5-10 from $530-545 per tonne a day earlier.

A few buyers bid for...


Jessica Zong

May 14, 2021

10:14 GMT