Scrap prices in China track decline in steel, Shagang cuts offers
May 20, 2010 | 11:14 AM
|
Scrap prices in China have lost an average of 70 yuan ($10) per tonne this week to stand in a range of 2,900 to 3,000 yuan ($425 to $439) per tonne, due to falling steel prices.
"After losing 125 yuan per tonne last week, ferrous scrap continued its downward movement this week after consecutive falls in steel product prices for the past three weeks," an industry analyst in Beijing said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here