Eastern China scrapfalls to lowest in a decade

摘要

Ferrous scrap prices in easternChina fell to their lowest level in a decade, afterholding steady for three consecutive weeks, asrebar and iron ore prices continued to slip onweak demand.Platts assessed heavy melting scrap6mm and above thick Friday at Yuan 1,130/mt ($177/mt), including 17% value added tax(VAT), delivered to Zhangjiagang, Jiangsuprovince, down Yuan 30/mt ($5/mt) froma week earlier. This was the lowest pointsince Platts started the price assessment inMarch 2005.