E. Coast scrap prices fall again at docks
May 24, 2012 | 03:05 PM
| Sean Davidson
NEW YORK Ferrous scrap buying prices at East Coast export yards are under pressure again as weak orders from Turkey have left exporters with large inventories.
One large exporter cut prices by $10 per gross ton on Thursday in the New Jersey-Philadelphia region, while a second exporter set a similar price drop effective May 29, market participants said. It is the second price drop in successive weeks as exporters cut buying tags by $10 to $20 per ton last week after negative sentiment gripped the market (AMM, May 21).....
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