The Chinese import market for steel scrap remained quiet on Tuesday September 14 despite Russian sellers offering bulk plate and structural (P&S) scrap at lower prices, market sources said.
Cheaper Russia-origin P&S still not attractive to buyers in ChinaSharp drop in Chinese ferrous futures hampers scrap buying demandUptrend continues in Taiwan imported containerized scrap."The quality [of Russian scrap] may not always satisfy our standards. That is why, even though the price was much lower than scrap from other origins, such as Japan, we are still hesitant...