06
Sep
12:34
US bulk scrap weakens in East Asia
East Asia has started to procure US bulk scrap, Kallanish notes. East Asian mills have been reluctant recently to place orders amid falling steel and raw material markets.
A South Korean mill booked a 32,000-tonne cargo from West Coast US at $280/tonne cfr HMS 1&2 80:20 basis or $281/t cfr HMS I basis. The cargo, which was booked on Thursday, is due for October shipment or November arrival.
Regional trading participants had varied…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous