Imports scrap market quiet in SE Asia
There were only few transactions for the deep-sea scrap import markets in Southeast Asia last week, told a regional trading source. Not only the buyers are waiting, but suppliers also do not offer a material as well.
Because the offering prices have already reached production costs and suppliers do not want to lower them further. Offers of bulk scrap are prevailing at $260-270/tonne cfr for HMS 1&2 80:20, unchanged from a week ago.
However, buyers in the region are aiming to book at $230-240/t cfr levels.
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