Thailand: Imported scrap offers fall sharply by $45/t w-o-w

  • Imported scrap offers to Thailand dropped significantly by around $45/t w-o-w.
  • Fresh offers for Central American-origin HMS 1&2 (70:30) are being quoted at $480/t CFR levels as against the offers quoted at $525/t CFR a week ago.
  • Bids for the same material are lower by $10-15/t. Lower bids and dull finished steel demand are pulling down offers.

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