WEEKLY: China ferrous scrap prices stay stable, demand rises further

Chinese prices of ferrous scrap held steady during the past week, even though prices of finished steel products eased slightly during the same period, Mysteel's survey showed. The continuous rise in demand for scrap feeds among steelmakers underpinned the scrap prices, survey respondents said.

As of April 10, China's national composite steel scrap price was largely flat on week at Yuan 2,480/tonne ($363.2/t), higher by a marginal 0.1% from a week earlier, while the national spot price for HRB400E 20mm diameter rebar had dipped 0.2% on week to Yuan 3,322/t, both including the