CHINA STEEL SCRAP: Prices rising amid new deals but jitters remain

Chinese import prices for high-grade heavy scrap (HS) have continued to increase, with a transaction concluded for a 3,000-tonne HS cargo from South Korea this week, sources said on March 2.

One bulk cargo was sold into China at $495 per tonne cfr and was purchased by a trader who has backing from a steel mill, sources said.
Another transaction was heard at $490 per tonne cfr China for 3,000 tonnes of Japanese HS in bulk in recent days while South Korean HS was heard sold in containers at $475 per tonne cfr China in the last few days.

Bids from buyers were heard at $480-500 per tonne cfr China in the market today for bulk HS. Key market participants' estimates of a current tradeable range were mixed, indicating a wide gap of $485-500 per...

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years