China's Q1 demolition scrap supply tumbles 42% YoY

The volume of ferrous scrap recycled from construction sites in China during January-March this year was significantly lower compared with the same period last year as the country's persistently gloomy property market continues to stifle land-clearing, curbing the generation of steel scrap, according to Mysteel's report.

During the past three months, the quantity of demolition steel scrap collected by the 105 domestic steel scrap recycling companies under Mysteel's regular tracking totalled just 182,513 tonnes, down by a substantial 42.6% on year. By the end of March, the total inventories of demolition scrap held by the same