Thailand's domestic steel scrap price takes big hit

摘要

Thai domestic scrap prices sawmultiple cuts this week, tanking by a totalrange of Baht 0.80-1.00/kg ($24-$30/mt) asbuyers sought cheaper billet options fromChina, market sources said.Domestic scrap prices for HMS I/II 80:20equivalent was purchased in a range of Baht10.10-10.30/kg ($307-$313/mt) delivered tomill, according to various Thai mill sources.This was down from the last week’s prices ofBaht 11.10/kg ($338/mt).