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[SMM Thread] scrap prices fell sharply, especially in East China
Apr 8,2020 19:49CST
The content below was translated by Tencent automatically for reference.

SMM4 month 8: nearly two days, the snail disk shock upward, on the daily settlement price, after the festival has accumulated an increase of 62 yuan / ton, the spot price has always been indifferent, the national average price fluctuation range does not exceed 10 yuan / ton. The main reason is that the successive decline in scrap prices has caused the market to worry that the operating rate of electric furnace plants will continue to pick up, and the market mentality is more cautious than in the early days.


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