Scrap price in Hebei province declines on Wednesday.
Then 6-10mm HMS2 in Tangshan fell by 30 yuan/t to 2740 yuan/t.
Meanwhile, scrap traders are panic for the further market development and accelerate speed of shipments, since the prices of billet and finished products fluctuate at a low level. For steel makers, they lower the purchase price of scrap, due to the arrival quantity increased.
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |
