E. Coast export prices fall while W. Coast rise
Aug 20, 2012 | 04:26 PM
| Sean Davidson
Tags
ferrous scrap,
AMM Ferrous Scrap Export Index,
HMS 1&2 (80:20),
Sean Davidson
NEW YORK — U.S. ferrous scrap export prices for bulk cargoes moved in opposite directions on the East and West coasts over the past week, when a total of nine sales were reported.
East Coast sources reported seven bulk shipments to Turkey, booked mostly on Thursday and Friday, with prices for an 80/20 mix of No. 1 and No. 2 heavy melt scrap ranging from $408 to $410 per tonne c.f.r. Turkey.
However, those prices were lower than previous trades, sending AMM’s East Coast Ferrous Scrap Export Index down nearly 2 percent to $382.44 per tonne f.o.b. New York for HMS 1&2 (80:20) from $390.14 previously.....
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