CHINA STEEL SCRAP: Buyers stall buying amid Japan market downturn

March 17, 2021 / www.metalbulletin.com / Article Link

Falling steel scrap prices in Japan and continued uncertainty over whether Chinese port authorities will allow ferrous scrap cargoes to discharge remain key considerations for buyers in China, many of whom lowered their bids this week, sources said.

Bids for heavy scrap (HS) from buyers peaked at $480 per tonne cfr China on Tuesday March 16, while offers were at $480-499 per tonne cfr China.
South Korean plate and structural (P&S) scrap was offered at $499 per tonne cfr China, while sources said sellers could accept $495 per tonne cfr China.
Southeast Asia-origin P&S scrap was offered at $480-485 per tonne cfr China, although several sales done late last week came to light on Monday.

A sale for 2,500 tonnes of Japanese HS concluded at $484 per tonne cfr China, while another deal was done for Japanese...

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok