Tight supply lifts ferrous scrap tags in China

Aug 03, 2011 | 04:38 PM |

Tags  Heavy melting steel scrap, China

SHANGHAI, China — Tight scrap supplies and stable steel product prices have driven up heavy melting steel scrap tags in eastern China.

The domestic price range tightened to 3,840 to 3,870 yuan ($597 to $601) per tonne delivered from 3,800 to 3,870 yuan last week following higher bids from several steel mills.....

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