Scrap imports slow as prices move upward

Jan 16, 2013 | 12:46 PM | None

Tags  China scrap, ferrous scrap, scrap prices, China scrap imports, HMS1&2 (80:20), heavy melt scrap

SHANGHAI — Chinese steel mills and traders are reluctant to book overseas scrap cargoes as prices have jumped.

"Suppliers may have expected that China would import more scrap for Chinese New Year restocking, but we have slowed the pace," a Shagang....

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