China bucks downtrend in Asian scrap market

China is bucking the downtrend in the Asian scrap market, with stronger domestic demand for the steelmaking raw material supporting prices.

• South Korean bids for Japanese scrap fall
• Bullish Chinese domestic market buoys import prices
South Korea

A major South Korean blast furnace-based steelmaker lowered its bid for bulk cargoes of...

Published

Paul Lim

Tianran Zhao

December 27, 2021

03:49 GMT

Shanghai, Singapore