Scrap price softens on Shandong province Wednesday.
The local scrap supply is tight, since some steelmakers replenished the scrap inventories before the upcoming National Day of China. It is, however, hard to see an increase of scrap price in the near term as the weak trend in finished steel products futures.
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |
