China's demolition scrap recycling sector roars back after break

Although the seasonal peak was reached in April, entering this month the volume of ferrous scrap recycled from construction and building demolition sites across China still hovered at a high level, as strengthening steel scrap prices encouraged scrap processors to maintain steady operations, Mysteel's latest survey results show.

The retrieval rate of demolition scrap retreated early his month as China observed the May Day holidays, but the rate rebounded firmly in mid-May as market trading resumed, Mysteel Global noted. During the week of May 9-15, the total quantity of scrap salvaged from demolished buildings by the 195 domestic