Steel scrap: inventories at China’s licensed yards fell 7.3% on a monthly basis

Inventories of processed and unprocessed steel scrap held by China's 293 licensed yards declined for the fourth consecutive month, posting another 7.3% month-over-month decline. Concentrated deliveries by scrap dealers to steel mills were again the main contributors to the monthly inventory decline. As of November 30, scrap yards, all licensed by the country's Ministry of […]