Scrap supply tightens in Northeastern China

Scrap supply is tight in Northeastern China in recent days.
Price in CNY per tonne Scrap (6 -10mm ) Scrap (4 -6mm )
Liaoning Province 3400-3520 3330-3370
Jilin Province 3300-3350 3150-3200

Steelmakers’ inventories run low. Currently Lingyuan Steel’s inventory stays at 7,000

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