Due to a drop in demand, both domestic and export market of scrap inUSscrap decline.

This week theUSdomestic scrap prices fell by about USD 10-25 / long ton, the current delivery price of scrap in Southeast of America is USD300 / long ton.

US scrap exports to Asian markets continued to decline, mainly due to the decline in ore prices, a stronger dollar and the local mills have chosen imported cheap billet. The latest US container to China Taiwan's mixture of 1,2-weight waste (80:20) export price fell to USD200 / ton (CFR), and last week the price is USD205-208 / ton (CFR).

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