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...