China's scrap import market weak; imports fall further

摘要

In eastern China's Jiangsu province, a major scrap importer reported few transactions this week. "Offer prices for Japanese HS grade scrap are prevailing at $380/mt CFR, which is around $15-20/mt lower than prices a week ago, but we are still slow to accept the price," the importer said. He added he had heard no offers for US-origin scrap over the past week.