Steel scrap market summary Jul 2011

The steel scrap price in domestic market was mainly in the uptrend in the past 7 months. The purchasing price of steel scrap in the mainstream mills in Jiangsu kept stable as the quotation of burden fines 6mm min from mainstream mills such as Sha Steel, Xingcheng Steel stayed at RMB3,870-3,900/t d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright The purchasing price of steel scrap in some small-scale mills increased slightly by around RMB50t due to the tight supply as the transaction price of burden in local market was as high as RMB3,500-3,520t d.Asian Metal Copyright delivered by cahs payment. The purchasing price of steel scrap in some small-scale mills increased slightly by around RMB50/t due to the tight supply as the transaction price of burden in local market was as high as RMB3,500-3,520/t d.Asian Metal Copyright Besides, it was hard for mills to purchase steel scrap due to the tight supply in most domestic areas.Asian Metal Copyrightu.Asian Metal Copyright Hence, most mills increased their purchasing price according to their inventory and production conditions under the high level of steel price.Asian Metal Copyright delivered by cash payment.

Besides, it was hard for mills to purchase steel scrap due to the tight supply in most domestic areas. Hence, most mills increased their purchasing price according to their inventory and production conditions under the high level of steel price.Asian Metal Copyright delivered by cash payment.Asian Metal Copyright However..Asian Metal Copyright HoweverAsian Metal Copyright