Scrap offers into SE Asia fall to lowest this year

Nov 03, 2011 | 03:25 AM |

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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