Volatile finished steel market weighs on scrap sentiment in China

Recent losses in the Chinese steel futures market due to uncertainties over demand for finished steel products prompted caution in the scrap market despite domestic price rises earlier in the week, sources told Fastmarkets on Friday September 22.

Major steelmakers in eastern China had raised their scrap buying prices on Tuesday ahead of the instability in the steel futures market.

• Sentiment in Chinese local scrap market mixed...


Tianran Zhao

September 22, 2023

12:37 GMT