Scrap offers into SE Asia fall to lowest this year
Nov 03, 2011 | 03:25 AM
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Ferrous scrap offers into Southeast Asia fell to the lowest seen in 2011 as sluggish demand in the region continued to drive down prices.
Offers for HMS 1&2 (80:20 mix) in containers from Europe, the USA and Africa are at $405-440 per tonne cfr this week, down from $440-450 per tonne cfr last week.
“Demand in the region is very weak. Iron ore prices are....
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