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Scrap prices into SE Asia flat at $380-405 cfr
September 02, 2010 - 08:04 GMT
Location:
Singapore
KEYWORDS:
Indonesia
,
Malaysia
,
Singapore
,
Vietnam
,
steel
Ferrous scrap import prices into Southeast Asia have remained flat this week as market stabilises, said sources across the region.
Bookings of HMS 1&2 (80:20 mix) in containers from Europe, the USA, the Middle East and Africa are at $380-405 per tonne cfr this week, unchanged from last week, said mill and trading sources.
Offers have widened slightly to $400-420 per tonne cfr, from $405-420 per tonne cf last week.
"Prices have not gone up this week, as [the] market has slowly stabilised. Suppliers and buyers accept the current prices as the market prices,” said a trader in Vietnam.
Scrap prices are at their regional highest in...
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Euromoney Institutional Investor PLC.
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