Steel scrap market report June 2013
2013-09-09 14:58:02 【Print】
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Steel scrap prices decreased sharply in May but most mills had reduced their consumptions and even some mills stopped steel scrap procurement
. Mills had kept steel scrap purchasing prices at a low level in June and they decreased their purchasing prices early this month in order to make losses; mainstream mills, without sufficient inventories, increased their bids to promote deliveries during middle and late June . Small mills frequently adjusted their steel scrap offers in East China while steel scrap market kept relativelt stable in Northeast China .