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US scrap prices to China slide on higher-than-expected supply

November 21, 2012 - 04:45 GMT Location: Shanghai

KEYWORDS: China , USA , Japan , scrap price prices , HMS1&2(80:20) , Japanese HS

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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