Scrap buying interest rises in China, but offer-bid price gap remains for imports
Chinese steel mills have increased their scrap purchase prices in order to secure feedstock.
Chinese steel mills have increased their scrap purchase prices in order to secure feedstock.
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Import scrap prices in India have indicated a firm uptrend amid increased restocking by local secondary mills.
Even though signs of an uptrend have started to be visible in ex-Japan scrap export prices, local prices are still at a premium to prices overseas.
Ex-China CRC prices have remained stable over the past week amid the slight increases in the local market.