Container ferrous scrap export prices climb

Aug 16, 2012 | 03:59 PM | Sean Davidson

Tags  ferrous scrap, exports, containers, Sean Davidson

NEW YORK — U.S. ferrous scrap export prices for container shipments to India are poised to jump after limited tonnage sales Thursday indicated a $20-per-tonne gain from previous levels.

Market participants in India and the United States reported small-volume sales of containerized shredded scrap at between $435 and $440 per tonne c.f.r. Nhava Sheva, up from $415 to $420 previously.

Many were quick to point out that the $435- to $440-per-tonne range is not yet the market, as larger volumes of U.S. shredded into Nhava Sheva reportedly were sold at between $425 and $430 per tonne c.f.r. earlier this week, up $10 from previous sales. ....

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