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WEEKLY: China's scrap prices up on rising demand

Source: Mysteel May 08, 2018 15:02
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Carbon Steel Scrap Diecasting Steel Scrap Industry
China's market for ferrous scrap strengthened over the short week following the country's May Day holiday (April 29-May 1), with the carbon steel scrap price in Zhangjiagang in East China's Jiangsu province gaining Yuan 80/t ($12.6/t) or 3.8% on week to Yuan 2,210/t excluding the VAT, as of May 4.
China’s market for ferrous scrap strengthened over the short week following the country’s May Day holiday (April 29-May 1), with the carbon steel scrap price in Zhangjiagang in East China’s Jiangsu province gaining Yuan 80/t ($12.6/t) or 3.8% on week to Yuan 2,210/t excluding the VAT, as of May

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