WEEKLY: China ferrous scrap prices continue sliding

Source: Mysteel Aug 10, 2026 15:15

Chinese prices of steel scrap slipped further in the past week as the scrap demand among domestic steelmakers weakened again, Mysteel's latest survey showed.

As of August 7, Mysteel assessed China's composite steel scrap price at Yuan 2,434/tonne ($360.7/t) including the 13% VAT, slightly lower by Yuan 6.7/t or 0.2% from a week earlier. Domestic scrap prices weakened in tandem with the continuous drops seen in the prices of finished steel products. For example,

Price Curve

Daily Prices

Steel scrap procurement prices: China's major mills

Aug 11, 2026 14:24
Steel scrap prices: China's major cities

Aug 11, 2026 13:46
Mysteel imported steel scrap prices

Aug 11, 2026 11:43
Stainless scrap prices: China's major cities

Aug 11, 2026 10:58
Alloy steel scrap prices: China

Aug 11, 2026 10:11

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