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
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