Ferrous scrap prices in SE Asia rise on higher offers

Apr 04, 2012 | 02:37 AM |

Ferrous scrap bookings into Southeast Asia have risen by $5 per tonne in the past two weeks, tracking suppliers’ higher offers. Bookings of HMS 1&2 (80:20) in the region for materials from the USA and Europe were at $450-460 per tonne cfr this week, up from $445-455 per tonne cfr two weeks ago, mill and trading sources in the region said.  “Many buyers are bidding at below $450....





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