The situation in China remains the critical as compared to the other major recycling markets. Their prices are the lowest with a difference in excess of USD 150 per LT off from India, the supply of state owned tonnage is reportedly dithering and even owners of geographically positioned units are looking to head West towards Indian shores, in order to exploit the strong offers emanating from Alang.
As a result, there remained marginal activity from China this week
Source: steel guru. 5 June 2014