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WEEKLY: Prices in Asian steel scrap market mixed

Price trends in the Asian steel scrap market continued to separate over the week of October 16-23, with prices in some regions recovering, some keeping stable, and others weakening, according to Mysteel’s latest weekly survey.
As of October 23, China’s domestic steel scrap market had experienced a small decrease, with Mysteel’s scrap index nudging down by Yuan 10.6/tonne ($1.6/t) on delivery and including the 13% VAT. As of last Thursday, the capacity utilization rate of the 71 independentelectric-arc-furnace mills Mysteel checks across China remained stable at 57.54%, lower by only

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