It is reported that Lingyuan Steel uplifts scrap purchasing price by CNY 50 per tonne on October 24, 2011, after that, procurement price of scrap hovers at CNY 3,320 per tonne in addition, purchasing price of casting iron stabilizes at CNY 3,080 per tonne.

Above price covers 17% VAT and delivered to buyers and set to be valid on October 24, 2011

(Source: www.steelhome.cn/en)
China steel information centre and industry database