High Demand of HMS Scrap and Spot Prices

HMS Scrap Market Demand

The finished steel prices in the international market have gone down but still there is no major impact on the prices of HMS Scrap. With the high demand and limited supply, the HMS Scrap still maintains the same pace in the market. It is expected in the coming year, the demand of the steel will increase by six percent and this clearly indicates that the prices of the HMS Scrap will rise rather than going down.

From past three consecutive months HMS Scrap is maintaining its prices at US$ 420/MT (Bundle Scrap) and shredded scrap prices gone up by USD 2/MT. The HMS 1-2 has maintained its level at USD 458/MT in break bulk whereas pig iron of steel grade was trading at USD 499/MT. The Pig Iron of Casting grade traded around USD 507/MT. 

The prices of HMS Scrap rose in Spain this week due to high competition. The demand of Scrap is also increasing in India. The Scrap is mainly imported in containers shipments to major ports in India. There are very few traders who are importing in break bulk to India. Most of the break bulk shipment against the high demand from China.

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HMS Scrap 1-2(80:20) Europe / US Origin

HMS SCRAP CONTAINER SHIPMENTS

HMS 1-2 ( Source:Planet-m)

HMS Scrap available as the details below

HMS Scrap  1 and 2 ( Mix 80:20)

Quantity : 2000MT ready

Origin : US/ Europe

For price and payment terms do contact us.

The Scrap can be shipped immediately against the confirmation of the authentic and genuine buyer. 

Inspection of the lot will be permitted against the confirmed purchase order and submitting the payment instrument.

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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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