Ferrous scrap prices in SE Asia rise on higher offers
Apr 04, 2012 | 02:37 AM
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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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