Since the beginning of this year, the U.S. scrap export prices rose slowly.
At present, the scrap export price in the U.S. port hit about FOB US$230/ton, among which, the price of the HMSI/II (80:20) scrap exported to China reached CFR US$275-285/ton, while to Vietnam, it reached CFR US$285-295/ton.
The growth in scrap prices was mainly because Turkish market has started to rebuild stocks and Asian scrap demand rebounded.
Since a slight rise in early January, at present, the U.S. domestic scrap prices remain stable. Source:Yieh.com