Increasing Supply may Weigh on Steel Scrap Prices

Telah Terbit: Mar 10, 2023 13:28
Sumber: SMM
In the follow-up stage, as the impact of domestic pandemic subsided, domestic steel scrap supply continued to increase since February

SHANGHAI, Mar 10 (SMM) - In the follow-up stage, as the impact of domestic pandemic subsided, domestic steel scrap supply continued to increase since February and the in-plant inventory increased to a high level, which weighed on steep scrap prices. Amid the peak season, steel prices are likely to increase in the short term and the steel scrap prices will follow suit.

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