Eastern Chinese steel mills drive ferrous scrap prices up
Nov 05, 2010 | 12:43 PM
| Ginger Ding
Several steel mills in eastern China have hiked heavy scrap prices following the recent rally in steel tags.
Suzhou Steel Group Co. Ltd. raised offers by 30 yuan ($4.50) to between 3,060 and 3,090 yuan ($460 to $464) per tonne, while Nantong Baori Steel Wire Mfg. Co. Ltd., a Baosteel Group Corp. subsidiary, hiked offers by 60 yuan ($9) to 2,960 to 3,060 yuan ($445 to $460) per tonne. But Shagang Group Co. Ltd., China's largest....
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