US scrap prices to soar in August

Keyword:
Publish time: 6th August, 2012      Source: ChinaCCM
Information collection and data processing:  CCM     For more information, please contact us

It's reported that the US scrap suppliers postponed the quotes to Taiwan as the current offers at US$395/ton C&F are unfavorable to the Taiwanese buyers.

It's known that the scrap prices are expected to surge by US$30~US$60/ton in the US market in August, driven by higher steel prices in the US market.

Accordingly, the US scrap suppliers have hiked the scrap export quotes to Taiwan recently.

Dealers said that the US scrap prices may soar further to break US$400/ton C&F in the short term.