Eastern China's scrap market stable after holidays

摘要

Scrap prices remained stablein eastern China after the Lunar New Yearholiday, but were expected to trend upwardsby steel mills and traders as rebar and ironore prices increased.On Friday, Platts assessed heavy meltingscrap 6 millimeters and above thick at Yuan1,060/mt ($163/mt), including 17% valueadded tax, delivered to Zhangjiagang, Jiangsuprovince, unchanged compared with preholidaylevels.