Domestic cues depress container scrap exports

Jul 03, 2012 | 01:23 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, containerized scrap, HMS 1&2 (80:20), India, Taiwan, U.S. ferrous scrap prices, Sean Davidson

NEW YORK — Speculation that the domestic ferrous scrap market could lose further ground in July had a dampening effect on export prices this week, AMM understands.

East Coast shippers of containerized scrap to India said sales prices had dropped by at least $5 per tonne this week despite a strengthening Indian rupee as buyers took advantage of troubled shipments and fears of a weakening U.S. market.

Sources reported a few sales of containerized shredded scrap to Nhava Sheva at $405 per tonne c.f.r. this week. Those sales were down between $5 and $10 per tonne from sales of $410 to $415 per tonne completed late last week.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results