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East Asian market’s import prices of scrap drops to 470/MT

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by - 3/19/2012 4060 Views

The US scrap suppliers quoted US$470/ton C&F for H1 scrap to South Korea

Sources reveal that the US scrap suppliers quoted US$470/ton C&F for H1 scrap to South Korea and this shows that there is no such huge change in prices lately and the scrap import market remained firm in East Asia.

According to the Japanese dealer, in East Asian market H2 Scrap owns more advantage due to its lower cost as well as Japan’s H2 scrap export offers drop due to currency rate.
Further, it’s reported that the steel mills in South Korea have hiked the scrap purchase price. Dae Han Steel Mill and YK Steel have increased the scrap purchase prices by 10,000 won/ton from March 10th.

Besides, HMS 80:20 (1&2) import price for Taiwan are at US$450/ton C&F.

Category : Metal

Tags : Metal Scrap,


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