SteelHome Express: East China Scrap Price Broadly Stable on Thursday
Prices of scrap remain broadly stable in East China on Thursday. 6-10mm HMS stays at 2730-2780 yuan/t in Jiangsu; at 2760-2810 yuan/t in Shandong; at 2730-2780 yuan/t in Fujian; at 2700-2750 yuan/t in Anhui.
Scrap suppliers are active in sales due to the dropped rebar futures price lately. With the tight supplies, prices of scrap may observe rangebound movements in the near term.
Link: Market price of Anhui Scrap on Aug 27,20
Link: Market price of Jiangsu Scrap on Aug 27,20
Link: Market price of Shandong Scrap on Aug 27,20
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