W. Coast ferrous scrap export prices rise
Aug 06, 2012 | 03:53 PM
| Sean Davidson
Tags
ferrous scrap,
AMM Ferrous Scrap Export Index,
HMS 1&2 (80:20),
Sean Davidson
NEW YORK — Ferrous scrap export prices jumped more than 2 percent on the West Coast in the past week after a bulk sale to South Korea met market expectations of stronger tags.
The sole bulk sale off either coast comprised only No. 1 heavy melt scrap, reportedly traded at $407 per tonne c.f.r.
The sale moved AMM’s West Coast Ferrous Scrap Export Index 2.1 percent higher Monday to $369.13 per tonne f.o.b. Los Angeles for an 80/20 mix of No. 1 and No. 2 heavy melt, up from $361.64 previously.
The transaction coincided with price increases at West Coast docks looking to secure scrap flow despite very thin sales of bulk cargoes in the past few weeks.....
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