CHINA STEEL SCRAP: Prices unchanged amid stable demand

Prices for imported ferrous scrap in China were unchanged on Friday April 23 amid stable demand-and-supply fundamentals.

Bids for HRS101-grade heavy scrap were heard at $505 per tonne cfr northeast China. This was equivalent to around $495 per tonne cfr east China.
Offers for imported ferrous scrap were heard at $510-515 per tonne cfr north China. This was equivalent to around $500-505 per tonne cfr east China.
The offers were stable week on week amid bullish sentiment in the Japanese domestic scrap market.

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