Container ferrous scrap export prices steady

Jul 31, 2012 | 02:07 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, containerized scrap, HMS 1&2 (80:20), shredded, Sean Davidson

NEW YORK — Prices for containerized ferrous scrap exports were mostly unchanged over the past week from previous levels amid thin demand off the East and West coasts.

Market participants in the United States and India told AMM there had been very little buying by Indian mills over the past week as a seasonal decline in demand due to a weak monsoon season has been made worse by a struggling Indian currency. Demand from India is likely to receive an additional blow as the country struggles to claw back from a power outage that has left more....

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