Chinese prices for heavy scrap in the domestic market this week have increased the shortage of supplies. The price of material was 2850-2930 yuan ($454-467) per tonne for deliveries to businesses in the Eastern part of China, which is 60-100 yuan per ton more compared to the last week in 2750-2870 yuan per ton. Shagang, China's largest company-consumer scrap, raised the purchase price 60 yuan to 2930 yuan per ton. "The material shortage also increases the complexity of its imports", said the representative of Shagang.
MetalTorg.Ru