Date: 11 November 2019 , 13:45
News ID: 7418

SE Asia: Imported Scrap Offers Inch Up

SteelMint learned from industry participants that imported scrap offers to South-East Asia have slightly increased this week, after observing a sharp hike in the previous week.
SE Asia: Imported Scrap Offers Inch Up

Vietnam: Following the global price trend, offers to Vietnam from USA also have witnessed an upward trend this week. With Japanese export offers strengthening in the recent weeks, Japanese H2 scrap offers continued to move up and currently stands at around USD 270/MT CFR, Vietnam, observing a hike of USD 3-5/MT against last week's report. While HS scrap offers standing still at USD 305/MT this week.

Bulk HMS 1&2 (80:20) in 40ft containers currently being offered at around USD 255-260/MT CFR Vietnam.

Thailand: Imported scrap offers form USA origin Shredded at USD 260/MT CFR, Thailand. Offers for HMS 1 were reported at around USD 250/MT CFR, Thailand.

source: SteelMint