Chinese scrap prices stable despite uncertain market

摘要

China's domestic scrap prices have remained stable in most regions over the past three days despite the uncertain market. This situation is likely to last until the end of this month, sources said Monday. In eastern China's Jiangsu province, major buyers, including Shagang Group, have continued to hold buying prices. “We would like to keep our scrap prices stable before the long National Day holiday if there is no significant change on the finished steel market,” a Shagang source said.