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US scrap prices to China slide on higher-than-expected supply
November 21, 2012 - 04:45 GMT
scrap price prices
US scrap prices to China have fallen below $400 per tonne cfr, after supply exceeded market expectations.
Offers of US HMS1&2(80:20) stood at about $395 per tonne
cfr, down $5 per tonne from a week ago, a steel mill source in
Jiangsu told Metal Bulletin sister title Steel First. Offers of
shredded material also fell by the same amount to about $405
per tonne cfr, the source added....
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Euromoney Institutional Investor PLC.
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