East Asian bulk scrap stays quiet on scarce trading

摘要

Singapore—The East Asian bulk heavy melting scrap market continued to be quiet this week amid a lack of bids and offers in the market, market sources said. S&P Global Platts assessed the East Asia bulk HMS I/II 80:20 spot price at $304/ mt CFR, unchanged from a week ago. "We are not looking at deepsea cargoes at the moment mainly because prices remain high and it's not worth the risk due to the long shipment times," a South Korean mill source said.