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China’s scrap inventory increases, pressures market price

17 Nov 2020 16:15 reported by Jordan Huang

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According to the market of scrap in China, the current market price showed a decline, mainly caused by the high inventory level.

Until November 12th, the total inventory of scrap from 61 scrap-manufacturers in China showed around 2.6 million tons, increased by nearly 2% from last week.

Currently, the market was still not confident enough to the scrap market price, based on the decreasing rebar price.

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