Prices in the global scrap market continue to vary depending on regional supply and demand dynamics. In North America, HMS 1&2 80:20 scrap prices are at $345/t in the Midwest region and $350/t in the US South. Shredded scrap is trading in the range of $390-395/t, while busheling scrap remains at $410/t for deliveries in the Midwest and South America.
In Brazil, the export price of containerized HMS 1&2 scrap in São Paulo is recorded at $250/mt FOB, while shredded scrap stands at $270/mt FOB. In Mexico, HMS 1 scrap is priced at $269/mt in the Northeast region, and busheling scrap is at $293/mt.
In the Asian markets, local HMS prices in the UAE are around $320/t, while offers for Japanese H2 scrap to South Korea are at $256/t FOB. In Vietnam, H2 scrap prices range between $305-315/t CFR, whereas in Bangladesh, shredded scrap is being offered at $375-380/t from Australian suppliers and $384/t from UK suppliers. The price for HMS 1&2 80:20 scrap CFR Chattogram is $365/t, while PNS scrap stands at $390/t.
In India, shredded scrap prices are at $376/t CFR for UK offers and $370-375/t CFR for US and EU offers. Offers for HMS 1&2 80:20 scrap from South Africa are between $350-355/t CFR, while Fabrication Scrap (Blue Steel) from Poland is being offered at $390/t CFR. Offers for HMS 1&2 80:20 scrap are at $355/t, whereas buyers' expectations are around $345/t.
In Pakistan, shredded scrap from the UK is offered at $380-385/t CFR, while shredded and PNS mixed scrap from the UAE is available at $395-400/t CFR.
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