Contributor: CRU Americas

By CRU Senior Economist Henry Hao and Principal Economist Alex Tuckett, from CRU’s Global Economics Outlook Since China rolled out the “three red lines” policies, China’s second-largest developer China Evergrande (EG) has grown to be the most indebted with more than RMB1.97 tn of liabilities. Market investors are concerned that Evergrande will collapse and default […] The post CRU: Evergrande—No Longer So Grand appeared first on Steel Market Update.

By CRU Research Analyst Yusu Mao, from CRU’s Global Steel Trade Service Last week, Turkish scrap import prices fell for the first time since September 2020. CRU recorded two deals and assessed HMS 1/2 80:20 at $446 /t CFR (- $34 /t w/w, -$27 /t m/m). The enlarged spread between HMS 1/2 80:20 and shredded […] The post CRU: Turkish Scrap Prices Fall for First Time Since September appeared first on Steel Market Update.