China's imported scrap market muted amid high offers from Japan, but post-holiday outlook bullish

Bullishness in the Japanese scrap export market and the approaching Lunar New Year holiday have kept Chinese buyers' interest for imported steel scrap at a minimum, sources told Fastmarkets on Tuesday January 25. But some buyers were bullish about China's scrap market after the holidays.

Demand for imported scrap muted in China amid the approaching holiday and high offers from Japan. Major electric-arc furnace (EAF) steelmaker in Taiwan raises domestic scrap buy price for...

Published

Paul Lim

Tianran Zhao

January 25, 2022

10:47 GMT

Shanghai, Singapore