Scrap Steel Prices Dip 50-110 yuan/mt Last Week

Published: Mar 27, 2023 16:16

Source: SMM

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Last week, steel prices crashed, arousing panic in the steel scrap market.

SHANGHAI, Mar 27 (SMM) - Last week, steel prices crashed, arousing panic in the steel scrap market. Most scrap bases suffered losses, and some speeded up the dumping of goods to mitigate losses. At the same time, the steel mills cut their purchase prices amid shrinking profits. The scrap prices dropped 50-110 yuan/mt in total last week.

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