China steel scrap index plunges after ferrous futures continue tumble

November 03, 2021 / www.metalbulletin.com / Article Link

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 cfrChina
Spot prices for steel scrap imported into China dropped sharply on Tuesday, with bearish sentiment continuing to dominate finished steel markets in the nation.

Bids 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...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok