Prices for steel scrap imported into China tumbled on Tuesday November 16 after Chinese mills lowered domestic scrap purchase prices further, market sources said.
Continued drop in China's domestic scrap buy prices pressures import appetite.Taiwanese buyers bid lower.ChinaA major steelmaker in eastern China reduced its domestic scrap buying price by 50 yuan ($7.83) per tonne on Monday. This followed a decrease of 50 yuan per tonne on...