.S. scrap prices started to rebound since the beginning of this year.
Current prices busheling and HMSI scrap have increased by US$15/ton and US$20/ton respectively.
In the U.S. east coast, busheling price hit US$266-283/ton, shredded scrap price reached US$256/ton, while HMSI was priced at US$207/ ton. On the export side, due to less inventory of import scrap, the global market began to activate.
Looking back in 2008, in the January-October, the U.S scrap exports totaled 14.182 million tons, up by 57.8 percent compared with the same period of last year. Source: Yieh.com
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Wednesday, January 14, 2009
12:33 |
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