September 08, 2008

US scrap prices firming up

YIEH reported that the domestic and export prices for American scrap have risen sharply and the price of No 1 variety is at USD 360 to 365 per ton on CFR basis.

American automobile scrap domestic price increased by USD 9 per long ton in August 2007. In addition, the average price of American scrap increased by USD 13.34 per long ton than last week reaching to USD 254.17 per long ton.

Regarding Asian market, scrap price of Japan's three largest region keep steady in the fourth week of August 2007. Japan's H2 scrap quoted at C&F USD 370 per tonnes to Taiwan. As price is very higher, buyers are out of market for the moment.