S. China scrap prices fall further on weak demand

摘要

In Fujian province, major steelmakers cut scrap buying costs further in line with lower rebar prices. The region's largest steelmaker, Sangang Steel Co, reduced its scrap prices by Yuan 30/mt, taking its cost for heavy melting scrap (greater than 6mm thick) to Yuan 2,920/mt (458 dollars/mt) on a delivered-to-mill basis including 17% VAT.