E. China scrap steady at recordlow, but room to fall seen

摘要

Scrap prices held steady for thesecond straight week at a record low in easternChina, even as domestic rebar prices inchedup, because some sources said scrap still hadroom to fall.Platts assessed heavy melting scrap 6 mmand above thick Friday at Yuan 1,160/mt ($183/mt), including 17% value-added tax, deliveredto Zhangjiagang, Jiangsu province, unchangedfrom last week.