East asian ferrous scrap import prices strengthening

摘要

Scrap import prices in East Asia were higher Monday, with offers to South Korea prevailing at 460 dollars/mt and above. Dongkuk Steel booked one bulk No.1 heavy melting scrap cargo from the US at 465 dollars/mt CFR Korea early last week. Two cargoes of HMS I from the US for March shipments were heard to have been booked at 468 dollars/mt CFR to another South Korean mill, though this could not be confirmed with all trading sources.