28
Apr
13:06
ASEAN scrap market slides
The Southeast Asian scrap import market is weakening, Kallanish notes. Buying interest is thin amid the falling market.
Offers for Japanese H2 grade scrap and Hong Kong HMS 1&2 50:50 are prevailing at $585/tonne and $560/t cfr respectively cfr southern Vietnam. “They are still too high,” an importer says. “All prices are negotiable but nobody is buying,” he adds. Offers last week for Japanese H2 scrap were at $590/t cfr a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous