Eastern China scrap prices hit 7-month high, tracking rebar

摘要

Rising scrap prices in easternChina hit an over seven-month high Friday,following higher domestic rebar prices.Platts assessed heavy melting scrap 6millimeters and above thick Friday at Yuan1,360/mt ($210/mt), including 17% valueaddedtax, delivered to Zhangjiagang, Jiangsuprovince; this was up Yuan 50 from a weekearlier and the highest since Yuan 1,370/mt onAugust 21, 2015.