China’s domestic steel scrap market continued to weaken over the week of March 20-27, with Mysteel’s steel scrap price index decreasing by another Yuan 60/tonne ($8.6/t) on week to Yuan 2,431.4/t on delivery to steel plants and including the 13% VAT as of March 27, a 16.5-month low since December 18 2018, Mysteel Global noted.
Source :https://www.mysteel.net/article