SE Asia ferrous scrap prices down $10 as demand stays sluggish

Oct 27, 2011 | 12:18 AM |

Ferrous scrap prices in Southeast Asia fell $10 per tonne this week as demand in the region remains at a low ebb. Buyers in Malaysia, Indonesia and Vietnam are booking HMS 1&2 (80:20 mix) in containers from Europe and the USA at $430-440 per tonne cfr, down from $440 per tonne cfr last week, sources said. “This is what the mills are prepared to pay now. But since prices....

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