The steel scrap procurement price adjustment for Anyang Steel in Henan was updated today. Please feel free to contact us if needed!

The ferrous metals series rebounded slightly this week. On the news front, at the beginning of the week, the PBOC kept the one-year and five-year loan prime rates (LPR) unchanged at 3.1% and 3.6%, respectively. The Korea Customs Service stated on Monday that an increasing number of companies were attempting to disguise foreign products as Korean exports, with most of these products originating from China, to evade the comprehensive tariffs imposed by US President Trump. The Korea Customs Service has established a special task force to prevent illegal export activities. US President Trump delivered a public speech on Tuesday, April 22, acknowledging that the current tariffs on Chinese exports to the US were excessively high and anticipated a significant reduction in rates. This marked a softening of Trump's stance on his signature tariff policy, alleviating market pessimism over the tariff war...