Scrap Prices North America
May 21, 2017
Chinese Ferrous Scrap Slowly Making its Way to Market
Written by John Packard
Steel Market Update (SMU) first reported that the Chinese were exporting ferrous scrap in an article on April 19, 2017. With the forced shut-downs of induction and electric arc furnaces by the Chinese equivalent of our EPA, the net result is that there is an abundance of ferrous scrap needing a home. Some of that scrap is making its way to Hong Kong, Japan, Korea and the Middle East.
