WEEKLY: China's ferrous scrap prices drop for the 4th straight week

Source: Mysteel Nov 02, 2026 18:30

China's steel scrap prices continued softening during the past week, taking the decline into its fourth consecutive week, the findings of Mysteel's latest survey showed.

On October 30, Mysteel assessed China's composite steel scrap price at Yuan 2,426.5/tonne ($365/t) including the 13% VAT, down by a larger Yuan 14.9/t on week, as against the previous week's Yuan 2.9/t dip. Relatively low profitability among Chinese electric-arc-furnace (EAF) steelmakers continued to dampen their enthusiasm for production, dulling their appetite in procuring steel scrap, Mysteel Global learned. The average

Price Curve

Daily Prices

Mysteel imported steel scrap prices

Nov 05, 2026 11:45
Carbon steel scrap prices: Zhangjiagang

Nov 05, 2026 10:11
Carbon steel scrap prices: Nanjing

Nov 05, 2026 10:10
Carbon steel scrap prices: Shanghai

Nov 05, 2026 09:51
Alloy steel scrap prices: China

Nov 05, 2026 09:49

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