W. Coast feedstock prices rise in supply battle
Aug 01, 2012 | 02:28 PM
| Sean Davidson
NEW YORK A gradual strengthening in containerized ferrous scrap export prices over the past month and growing competition for supply has pushed feedstock prices higher at West Coast docks.
Market sources said one exporter in the San Francisco area led the market up last week with a $10-per-gross-ton increase in export yard buying prices for all grades.
A southern California exporter followed with a more aggressive price increase Wednesday, raising heavy melt prices by $20 per ton and all other grades by $10 per ton.
Sources said that in response, prices at export docks in and around San Francisco are likely to rise another $10 per ton this week.....
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