The import market for bulk heavy melting ferrous scrap remained sluggish in East Asia over the past week, regional trading and importing sources said Friday.
Importing mills are not willing to pay more for bulk HMS scrap prices and US suppliers are able to find higher paying markets such as Turkey for their bulk scrap cargoes.
Platts assessed its weekly East Asian bulk HMS 80:20 price at $170-$175/mt CFR Friday, unchanged from the week before. The implied midpoint was $172.50/mt.
"There is no movement in bulk scrap," a regional trader said Friday.
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