ASIA STEEL SCRAP DIGEST: Expectations of tighter output curbs pressure China prices

Increasing expectations of tighter production curbs in China have put pressure on scrap demand from steel mills in the country, weighing down imported scrap prices, sources told Fastmarkets on Wednesday September 22.

Sentiment in China sours because buyers expect tighter production curbsTaiwanese buyers keep bids stableShredded import prices rangebound in IndiaChina
Bids for import cargoes of steel scrap into China fell on Wednesday, which was the first day of trading in the country this week after China's Mid-Autumn Festival holiday.
Fastmarkets' calculation of the steel scrap, index, heavy recycled steel materials, cfr north China was at $528.25 per tonne on September 22, down by $1.75 per tonne from the index on Friday September 17.

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