Price war sinks Sept. ferrous scrap exports

Nov 17, 2011 | 04:38 PM | Sean Davidson

Tags  ferrous scrap, exports, scrap prices, Commerce Department, Sean Davidson

NEW YORK — A price standoff in the ferrous scrap export market this week has market participants wondering if this month’s fight for higher prices will once again result in a drop in shipping volumes.

There was a bitter price war between U.S. exporters and offshore consumers in September (AMM, Sept. 19 and 28). And it took a toll on export volumes for that month, based on the latest figures from the U.S. Commerce Department.....

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