Mill suspensions pressure East China's scrap market

Scrap prices in East China are under heavy downward pressure after some local steel mills slashed their procurement prices amid a new round of production stoppages, market sources warned on April 17.

Scrap prices in East China are under heavy downward pressure after some local steel mills slashed their procurement prices amid a new round of production stoppages, market sources warned on April 17.Xuzhou Jinhong Iron & Steel Group in Xuzhou city, East China’s Jiangsu province, for example, cut its procurement