What will happen to the price trend of scrap iron in China in the next few months? Thank you for your questions.
Will lead to an increase in prices. Because (1) Baosteel has raised the ex-factory price of steel 1 1 week; (2) Downstream China's economy began to recover, and industries with relatively large demand for steel rose, including real estate, manufacturing, automobile industry and so on; As long as the spot and futures steel prices continue to rise, it will definitely drive the price of scrap iron to rise, so the price of scrap iron will continue to rise in the coming months.