China's imported steel scrap prices weakened on Wednesday May 19 in response to falling steel futures prices and minimal buying interest.
Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $505-520 per tonne on Wednesday, down $5 from $510-525 per tonne a day earlier.Chinese rebar and hot-rolled coil futures fell by more than 5% on Wednesday amid unconfirmed speculation that production restrictions could be eased soon to...