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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