China's steel scrap stocks at qualified yards rise further

Inventories of ferrous scrap stocked in scrapyards throughout China continued to mount during the past week, as domestic scrap processors were building up stocks to meet resilient scrap demand among steelmakers, Mysteel's latest survey showed.

As of June 4, the total stocks of processed and unprocessed steel scrap held by the 825 Chinese steel scrapyards qualified by the country's Ministry of Industry and Information Technology were the highest since January 2025 at 1.48 million tonnes, though by June 25 the volume had thinned slightly