China steel price rise stirs interest in scrap
Jul 24, 2013 | 11:58 AM
SHANGHAI Chinese steel mills and traders returned to the ferrous scrap import market this week, hot on the heels of a rise in domestic steel prices.
Shagang Group Inc., Chinas largest scrap consumer, booked four bulk cargoes of U.S. material this week. Three of those cargoes were for shredded scrap booked at about $365 per tonne c.f.r. and one cargo of an 80-20 mix of No. 1 and No. 2 heavy melting scrap at....
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