CHINA STEEL SCRAP: Buying interest hit by plunging steel prices

Import prices for steel scrap in China were unchanged on Tuesday May 25, with the country’s finished steel market crashing in response to a meeting held by the Chinese government on Sunday May 23 that put more emphasis on stability in the commodities sector.

Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $510-520 per tonne on Tuesday, unchanged...

Published

Lee Allen

Paul Lim

Tianran Zhao

May 25, 2021

10:28 GMT

Shanghai, Singapore