Asian scrap import prices fluctuate slightly
Recently, the scrap import prices have fluctuated in Asia.
At present, the deal prices of the US container HMS scrap 80:20 (1&2) to Malaysia are at US$490/ton C&F and that to Southeast Asia are at US$485~US$490/ton C&F, which remained flat in comparison of that in the beginning of July.
Nevertheless, Asian buyers have taken wait-and-see attitude toward the high scrap prices.
A Chinese steelmaker said that it expected that the scrap deal prices could fall to US$482~US$483/ton C&F; however, the US steel mills are reluctant to decrease the prices.
It’s known that US scrap exporters have seen the scrap prices to hike in Asia, they’ve remained that scrap export quotes at high level.
News Date 29 Jul 2011 16:36:50 reported by Nann Cheng