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WEEKLY: Chinese ferrous scrap prices mark time

Source: Mysteel Sep 28, 2026 19:20
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Steel Scrap Demand Inventory Price
Chinese prices of steel scrap remained generally stable during the past week, even though lackluster demand for finished steel among end-users and mounting scrap inventories at mills gave more bargaining power to steelmakers in price negotiations, Mysteel Global learned.
On September 24, a substitute working day for China's National Day holiday over October 1-7, Mysteel assessed China's composite steel scrap price generally unchanged at Yuan 2,455/tonne ($365.7/t), lower by a miniscule Yuan 3.83/t or 0.16% from September 20.     The lukewarm demand among steel consumers such as construction companies and

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