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China qualified yards' scrap stocks up 9.2% in Dec


The stocks of processed and unprocessed steel scrap held by the 406 licensed steel scrapyards across China ended four months of declines during December, reversing up by 9.2% on month, Mysteel's latest monthly survey has found. Chiefly responsible for the recovery was the scrapyards' determination to hold off selling in response to strengthening scrap prices, survey respondents said.
As of December 31, the scrap yards - all qualified by the country's Ministry of Industry and Information - were holding 1.27 million tonnes of processed and unprocessed scrap. Within the total, inventories of steel processed scrap were higher by 16.8% on month at 929,200 tonnes, while those of unprocessed


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