China's demolition ferrous scrap supply falls further

The volume of ferrous scrap recycled from construction sites in China has declined steadily over the past few weeks as work on building sites in early June was disrupted by government noise abatement directives, the results of Mysteel's latest survey showed.

During the June 6-12 week, the quantity of demolition steel scrap collected by the 105 domestic scrap recycling companies under Mysteel's regular tracking totalled 12,598 tonnes, refreshing the lowest level since end-February, and compared with the same period last year, the volume was lower by a significant 45.3%. By June