CHINA STEEL SCRAP: Prices rebound amid strong domestic demand

Prices for steel scrap imported into China edged up on Thursday June 3 amid improving sentiment in the domestic market, sources said.

Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China - which takes into account prices at ports in eastern China - was $510-530 per tonne on Thursday, up by $10-15 from Wednesday.
Many Chinese mills raised their purchase prices for domestic scrap on Thursday by amounts ranging from $30-100, with support from good mill margins, sources said.
The highest purchasing price was in the steelmaking hub Tangshan, in Hebei province, at around 3460 yuan ($541) per tonne excluding value-added tax (VAT).

A key Japanese trading source said a maximum price for heavy scrap (HS) of $540...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold