During the given week, declining iron ore prices have exerted a negative impact on domestic scrap prices. However, steelmakers are now more willing to buy scrap, resulting in some improvement in inquiries and purchases, and thereby limiting the downward movement of scrap prices. With the weather becoming warmer, demand for finished steel has picked up somewhat, which is good news for the local scrap market. In addition, semi-finished steel prices in China have indicated a rebound recently. It is expected that scrap prices in the Chinese domestic market will move on a stable trend in the coming week.