MYSTEEL: China's ferrous scrap prices to stay rangebound in H2

China's ferrous scrap prices are expected to continue fluctuating within a narrow range in the second half of this year, still constrained by a tight supply-demand balance, Mysteel predicts in its latest report on the market.

The country's steel scrap prices edged higher overall during the first six months of this year, though movements stayed rangebound. Over January-June, the national composite scrap price averaged Yuan 2,472/tonne ($363.7/t) including the 13% VAT, higher by 0.3% on year and up 2.9% from H2 last year, according to