Prices for steel scrap imported into China decreased sharply due to the continued drop in both spot and futures prices for finished steel products in the country on Tuesday November 2, sources told Fastmarkets.
China import price tumbles amid bearish sentiment dominating the steel marketsChinese mills cut domestic scrap buy prices againTaiwan secures containerized scrap cargoes at $475 per tonne cfrChinaBids for imported HRS101-grade steel scrap were heard at $490 per tonne cfr north China on Tuesday, down from $505 per tonne cfr China on Friday. Key market participants estimated that $510-520 per tonne cfr north China would...