West Coast exporter lowers buying prices

Aug 30, 2012 | 04:44 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, export prices, heavy melt, containerized scrap, Sean Davidson

NEW YORK — West Coast export prices for containerized ferrous scrap have declined $10 per tonne this week, encouraging at least one major exporter to lower buying prices at its yards effective Friday.

Containerized scrap export prices for an 80/20 mix of No. 1 and No. 2 heavy melt had fallen to $380 per tonne c.f.r. Taiwan, market sources said, from $390 previously.....

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