Monthly Report on China Scrap Market for November 2012

1 Review on China scrap market in November 2012
1 Chinese scrap prices pulled back after rising
2 Scrap market weakened by slight drop in construction steel prices
3 Steelworks scrap inventories and purchase price
4. International scrap price
ⅡOutlook on China scrap market in December 2012
1. Scrap supply to remain tight
2. Scrap imports to sustain at low level
3. Scrap market demand to stabilize on high steel production
4. Global scrap prices to see sustained rises
5. The prices of related products likely to stand firm

Table 1 Chinese 6 -10mm Scrap Price Change in November 2012
Table 2: 6 -10mm Scrap Purchase Price Adjustment in November 2012
Figure 1 China 6-10mm Scrap Price in 2011-2012
Figure 2 Scrap and Rebar Price in East China in 2011-2012
Figure 3 Scrap Use&Inventory of Chinese Steelmakers in 2012
Figure 4 Japan Average Scrap Price in 2011-2012
Figure 5 China Scrap Import Volume and Import Price in 2011-2012
Figure 6 China Scrap Import Price in 2011-2012
Figure 7 China Iron&Steel Ratio Curve in 2011-2012