News
China steel scrap prices up further, stocks down
Issued at 2021-12-20
Tweet
ABSTRACT
China's domestic steel scrap price index under Mysteel's assessment rose for a third week over December 3-10, gaining another Yuan 64.1/tonne ($10/t) on delivery and including the 13% VAT. Propelling the price up were the continuing firm demand from domestic steelmakers and the lower scrap availability.
The slight recovery in spot steel prices recently and higher steel margins among some domestic steel mills have led these mills to maintain a steady appetite for steel scrap. As of December 10, China's HRB400E 20mm dia rebar price had grown Yuan 29/t on week to Yuan 4,827/t.
Source: My Steel Globar
Tweet
Related News
- Overview of China's alumina production in May 2025 and forecast for June
- METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success
- Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy
- Integrating On-Demand Manufacturing into Modern Supply Chain Strategies
- From Art to Automation: The Evolution of Pattern-Making in Foundries
- Germany reduced steel production by 10.1% y/y in April
- How Russian steel exports have changed in the face of sanctions
- Italian Foundries: No Signs of Recovery Yet in Early 2025
- See all News
