China domestic scrap prices down; import market quiet

摘要

China's domestic scrap prices have been on a downward trend this week amid falling steel prices and fragile sentiment. Lower domestic scrap prices have also dampened Chinese buyers' interest in the import market, Platts Steel Business Briefing was told. In eastern China's Jiangsu province, major steelmakers including Shagang Group have aggressively cut prices by a combined Yuan 100/mt over the past three days.