CHINA STEEL SCRAP: Domestic supply tightens amid heavy rains

Steel scrap import prices into China remained steady despite supplies of domestic scrap being tightened by the rainy season in the north and by high temperatures in the south, sources told Fastmarkets on Thursday July 15.

Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $530-540 per tonne on Thursday, unchanged day on day.
“There is an uptick in import scrap bids in China [because] the rainy season has increased the difficulty of collecting scrap,” a Singaporean trading source said.

“The volume of scrap arriving at our mill has been much lower recently. The arrival rate was barely keeping up with our scrap...

Published

Lee Allen

Tianran Zhao

July 15, 2021

12:05 GMT

Shanghai, Singapore