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Spot Prices of HMS Scrap,Sept 2011

HMS Scrap Prices

It is expected the prices of HMS Scrap will go up in the coming days. The demand of HMS Scrap is increasing from Turkey, India and China.

The new price quotes were for HMS 80:20 to China for US$ 500/MT CNF and for Taiwan for US$ 505/MT CNF. 
With the lift on the restriction on the power in Asia, possibilities are more to increase in purchase of HMS Scrap which can again increase the demand along with price.

In Japan the local ferrous scrap was quoted between JPY 33,000 to 35,000 per ton. The Prices has almost gone up by JPY 1000 per ton.
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