Posted on 14 Apr 2008
Global price of scrap and pig iron continue to rise
The global prices of scrap and pig iron have continued to rise recently. The price of H1 scrap has reached around USD 600 per ton CNF as the price for pig iron is at USD 700 per tonne CNF.
Besides, the H1 scrap price from the USA to South Korea has reached as high as USD 617 per tonne CNF. The import price of mixed H1 and H2 scrap to Turkey is around USD 600 per tonne CNF and the quotation has even reached USD 610 per tonne CNF.
South Korea's export price of H2 scrap to Japan is at USD 600 per tonne CNF and Japan to Taiwan's price of H2 scrap is around USD 620 per tonne CNF.
