Ferrous scrap export tags lift as demand rises
Dec 20, 2011 | 04:00 PM
| Lisa Gordon
Tags
scrap exports,
heavy melting scrap,
shredded,
plate scrap,
structural scrap,
Lisa Gordon
PITTSBURGH — December’s scrap export market is bubbling, with East Coast exporters attempting to fill orders as quickly as possible and West Coast exporters seeing strong demand from the Pacific Rim.
Demand from Turkey has driven East Coast scrap prices up about $20 per tonne this month as the scrap-short country needs material as quickly as possible—in some cases, within 30 days—sources said. About 21 cargoes have been sold to Turkey, including 10 from the United States.
"There is some caution that the market has been too saturated and there could be a short-term regression of prices. This could happen, but I think the demand in Turkey and low inventory levels will prevent this from happening," said an East Coast exporter at a deep-sea port.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here