Bids for HRS101-grade heavy scrap were heard at $505 per tonne cfr northeast China. This was equivalent to around $495 per tonne cfr east China.
Offers for imported ferrous scrap were heard at $510-515 per tonne cfr north China. This was equivalent to around $500-505 per tonne cfr east China.
The offers were stable week on week amid bullish sentiment in the Japanese domestic scrap market.
Fastmarkets’ price assessment for steel scrap, heavy recycled...