Ferrous scrap offers into SE Asia up $10-20 per tonne ahead of winter

Nov 29, 2011 | 11:13 PM |

Ferrous scrap offers into Southeast Asia have risen by $10-20 per tonne as traders expect  a seasonal tightening in supply. Offers for HMS 1&2 (80:20 mix) in containers from Europe and the USA are at $420-430 per tonne cfr this week, up from $400-420 per tonne cfr last week, sources in the region said. “It’s the winter season, and suppliers are raising prices in anticipation of....

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