WEEKLY: Chinese ferrous scrap prices dip, demand grows further

Source: Mysteel Mar 30, 2026 14:00

After rising for four weeks straight, Chinese prices for ferrous scrap retreated slightly during the past week in parallel with the weakening of finished steel prices, Mysteel's latest survey showed. Scrap demand among domestic steelmakers continued to expand, however.

After rising for four weeks straight, Chinese prices for ferrous scrap retreated slightly during the past week in parallel with the weakening of finished steel prices, Mysteel's latest survey showed. Scrap demand among domestic steelmakers continued to expand, however. China's composite steel scrap price stood at Yuan 2,483/tonne ($359.2/t) as