Ferrous scrap prices in SE Asia expected to fall as demand dries up

Apr 18, 2012 | 04:55 AM |

Ferrous scrap import prices into Southeast Asia may weaken in the next two to three weeks as demand dries up, sources told Metal Bulletin. “There are not many enquiries lately. Buyers have booked quite a lot in the past four weeks, and are taking a break now,” a trader in Vietnam said. “Prices may have hit the ceiling. People also seem reluctant to pay above the....

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