Scrap price in Hebei province softens with slight rises on Wednesday.
Then 6-10mm HMS2 in Tangshan softens at 2670 yuan/t.
Meanwhile, scrap sellers are active on the overall market with the will in the scrap price rising recently, since the billet and finished product markets have got better. And they have softened the speed of shipments, which causes the slack volume of goods arrived at steel mills. Therefore, some steelmakers have raised the scrap purchase price, in order to conduct steelmaking processes.
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |