WEEKLY: Prices in Asian steel scrap market mixed

Price trends in some Asian steel scrap markets varied over the week of November 22-26, with prices in some regions showing signs of stabilizing or even recovering, while others continued to trend downward, according to Mysteel's assessment.

In China, Mysteel's steel scrap price index reversed up after the prior five weeks of declines, rising by Yuan 41.4/tonne ($6.5/t) on week to Yuan 3,254.7/t on delivery and including the 13% VAT as of November 26. Behind the reversal was mainly the recovery in the country's finished steel