MYSTEEL: China ferrous scrap supply seen rising marginally in '25

The supply of ferrous scrap in China is expected to pick up slightly next year as scrap generation from the manufacturing sector is expected to rise, according to Mysteel's latest forecast for the market for 2025. Scrap arising from the construction industry is seen declining, however.

For this year, Mysteel estimates that the country's total ferrous scrap supply will drop by some 4.5 million tonnes or 1.8% from 2023 to 251.5 million tonnes. During 2025, supply may increase to around 252.5 million tonnes, higher by a small 0.4% on year, the report suggests. The slow progress