CHINA STEEL SCRAP: Trading activity limited by lack of buying interest

Prices for steel scrap imported into China remained steady on Tuesday May 18, with only limited spot market activity due to low buying interest.

Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was unchanged at $510-525 per tonne on Tuesday.
Chinese buyers have lost interest in purchasing recently, with fewer bids coming in due to the ongoing uncertainty about finished steel markets in China.

Bids were, however, heard at as low as $500 per tonne cfr northern China on May 18, which is equivalent...

Published

Paul Lim

Tianran Zhao

May 18, 2021

10:51 GMT

Shanghai, Singapore