China's demolition ferrous scrap recycling recovers on better demand

After falling sharply last month, the volume of ferrous scrap recycled from construction and demolition sites in China has increased steadily in November, as collecting and processing operations among scrap dealers have improved amid the recovery in domestic scrap demand, Mysteel's survey showed.

During the first three weeks of November, the 105 steel scrap recycling companies under Mysteel's tracking collected an average of 14,939 tonnes of demolition scrap per week, higher by a significant 18.8% compared with October's weekly average, though the volume was substantially lower by 37.5% on year. The large increase