Low US ferrous scrap prices attracting Chinese buyers

Dec 14, 2009 | 11:37 AM |

China is buying more U.S. ferrous scrap as prices become competitive compared with shipments from Japan, industry sources said.

"Currently the U.S. traders' offer prices stand at $345 per tonne c.i.f. and the actual transacted prices are around $310 per tonne," a Beijing-based trader said.....

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