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Apr.04.2020 1USD=7.1104RMB
  SteelHome >>Raw Material>>Market Info>>Daily Express
SteelHome Express: East China Scrap Price Drops amid Stability as Traders with Pessimistic Outlook

//en.steelhome.cn [SteelHome] 2020-03-25 18:38:23

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Prices of scrap fluctuates with slight drops in East China on Wednesday. The 6-10mm HMS stays at 2550-2600 yuan/t in Jiangsu; at 2530-2580 yuan/t in Shandong; down by 30 yuan/t to 2440-2490 yuan/t in Fujian.


In order to keep the price stable, some steelmakers have reduced production, keeping scrap consumption at a low level. With the pessimistic outlook, traders are active in selling scrap products. Therefore, SteelHome considers that prices of scarp may drop in the near term.


Link: Market price of Anhui Scrap on Mar 25,20

Link: Market price of Jiangsu Scrap on Mar 25,20

(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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