Scrap Prices North America
February 21, 2015
Asian Scrap Market: Near Bottom on Pricing?
Written by Damon Sun
The following article about the Asian ferrous scrap markets comes to us from one of our contributing writers, Damon Sun of Daido International.
Firstly, I believe we are at the bottom or near bottom of the current scrap market. The latest bulk scrap sales into Far East Asia were at $249 per metric ton CFR China/Korea HMS 80:20 basis. Taiwan containerized between $220-$225/mt CFR basis. Thailand at $220/mt CFR basis.
