In China, Mysteel’s steel scrap price index increased
by another Yuan 24.8/tonne ($3.8/t) on week to Yuan 2,718.6/t on delivery and
including the 13% VAT as of November 27, refreshing its more than 7.5-year high.
The rise reflected steelmakers’firm demand, as well as stronger prices of
other raw materials such as iron ore and
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