WEEKLY: Asian steel scrap prices show mixed trends

Asia's main markets for steel scrap witnessed another mixed week over December 3-10, with prices in countries such as India and China keeping stable or moving upward, while others continued to trend downward, according to Mysteel's assessment.

In China's domestic market, Mysteel's steel scrap price index edged up for the third week by Yuan 64.1/tonne ($10/t) on week to Yuan 3,370.2/t on delivery and including the 13% VAT. Prices were supported by the firm demand from Chinese steelmakers and the seasonal scrap-supply tightness. Moreover, on December 11,