Prices for steel scrap imported into China inched up on Friday May 21 amid an increase in activity in finished steel products markets compared with earlier this week.
Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $520-530 per tonne on Friday, up by $10-20 from $500-520 per tonne a day earlier.A key trading source said that northern Chinese buyers were able to accept $530-535 per tonne cfr, which was equivalent to $520-530 per tonne cfr eastern...