GACC: China's stainless scrap imports retreat in June

China's stainless steel scrap imports retreated in June after the continuous rally over the prior three straight months, with the tonnage slumping by 4,231 tonnes or 31.9% on month to reach 9,041 tonnes, according to new data released by the General Administration of Customs (GACC) on July 20.

The result suggested a decline in stainless scrap consumption among Chinese stainless steel mills in June with their lower stainless output during the month, Mysteel Global learned. Mysteel's survey among the 43 Chinese stainless steel mills showed that during June, their combined stainless scrap use declined to 735,100 tonnes, lower