Scrap offers into SE Asia up $30 as supply contracts over winter

Dec 20, 2011 | 10:47 PM |

Ferrous scrap offers into Southeast Asia have risen by as much as $30 in the past two weeks on tight supply. Offers for HMS 1&2 (80:20 mix) in containers from Europe and the USA are at $455-460 per tonne cfr this week, up from $425-430 per tonne cfr two weeks ago, sources in the region said. Offers for breakbulk have also jumped to $475-490 per tonne cfr,....

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