Trade Review: High freight costs, regional steel prices seen supporting ferrous scrap in

摘要

Asia-bound seaborne ferrous scrap prices are poised to remain firm in the second quarter amid high freight costs and rising regional steel prices after prices in Q1 rose more than 20% from the previous quarter. Average Q1 prices across S&P Global Platts suite of seaborne Asian scrap assessments were up 20%-26% from the previous quarter, with Japanese export prices up 20.4% or $65.30/mt, deep bulk scrap prices up 22.9% or $82.50/mt and containerized scrap prices to Taiwan up 26.4% or $85.10/mt.