Found this on AFR
"The Shanghai Futures Exchange (SHFE) remains keen on launching a scrap futures contract, in line with the rising use of the steelmaking raw material in China and the Chinese government's focus on the development of environmentally friendly ways of producing steel, according to Metal Bulletin. For every tonne of scrap used in steel production, mills save 0.4 tonnes of coke and 1.65 tonnes of iron ore, and cut their carbon emissions by 1.6 tonnes, an exchange official said."
Chinese scrap metal news FWIW
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Mkt cap ! $2.395B | |||
| Open | High | Low | Value | Volume |
| $12.67 | $12.73 | $12.50 | $3.214M | 255.4K |
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| No. | Vol. | Price($) |
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| 2 | 1074 | $12.57 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.62 | 455 | 1 |
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