China's demolition ferrous scrap recycling at 4-year low

The volume of ferrous scrap recycled from construction and demolition sites in China fell significantly during the past month as building contractors generally suspended work before and during the Chinese New Year holiday over February 15-23, Mysteel's latest survey results showed.

Apart from building contractors, most steel scrap processors also closed their businesses during the national holiday, another cause for the sharp drop in the volume of demolition scrap recycled, Mysteel Global noted. In February, the 105 steel scrap recycling companies under Mysteel's tracking collected a total of 24,459 tonnes of