Price Difference between Rebar and Steel Scrap Narrowed in February_SMM

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Home / Metal News / Scraps & Secondary / Price Difference between Rebar and Steel Scrap Narrowed in February

Price Difference between Rebar and Steel Scrap Narrowed in February

Mar 10, 2023 11:37

CST

Source:SMM

SHANGHAI, Mar 10 (SMM) - The price difference between rebar and steel scrap stood at 1,380 yuan/mt as of February 28.

SHANGHAI, Mar 10 (SMM) - The price difference between rebar and steel scrap stood at 1,380 yuan/mt as of February 28, which was lower than the average price difference of 1,491 yuan/mt in 2022, and was at the lower level of the fluctuation range (1170, 1830) of the price difference between the two in 2022. The price difference between rebar and steel scrap shrank 10 yuan/mt MoM. In February, the prices of rebar and steel scrap both rose.

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