29
Oct
12:11
East Asian scrap prices stay firm
Scrap prices are generally firm in East Asia, Kallanish notes. Some offers for scrap imports in Vietnam have fallen, but traders are unclear if they indicate any clear market trend.
South Korea’s Dongkuk Steel recently ordered two bulk scrap cargoes, Korean trading sources say. It bought a 30,000-tonne cargo of West Coast US scrap at $542/t cfr HMS 1 basis on 28 October. The day before, it purchased 40,000t of Russian A3 grade scrap at $549/t cfr. A Tai…
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Anonymous
Very good overview of the weekly steel market.
Anonymous