WEEKLY: Asian steel scrap prices show mixed trends

Asia's main markets for steel scrap witnessed a mixed week over January 14-21, with prices in countries such as China and India remaining stable, while those in others such as Japan making gains.

In China's domestic market, Mysteel's steel scrap price remained largely stable at Yuan 3,632.2/tonne ($573.2/t) on delivery and including the 13% VAT as of January 21, up by a tiny Yuan 0.2/t on week. The small uptick was largely attributed to the scarcity of market transactions with the start