SCRAP GOES TO A SIX-MONTH HIGH IN CHINA, TO US$ 194

Ferrous scrap prices surged again in eastern China to a six-month high as domestic rebar prices soared over the course of a few days.

Platts assessed heavy melting scrap of 6 millimeter thickness and above at Yuan 1,260/mt ($194/mt), including 17% VAT, delivered to Zhangjiagang, Jiangsu province, up Yuan 100/mt ($15/mt) from a week ago.

Prices have reached their highest since September 18.