China's demolition ferrous scrap recycling picks up further

The volume of ferrous scrap recycled from construction and demolition sites in China continued to increase in December, as steel scrap processors maintained steady operations to meet steelmakers' restocking demand for the feed material, results of Mysteel's survey showed.

During the first three weeks of this month, the 105 steel scrap recycling companies under Mysteel's tracking collected an average of 15,330 tonnes of demolition scrap per week, higher by 1.9% than November's weekly average, though the volume was significantly lower by 38.2% compared with the same period last