Scrap export prices fall as Taiwan buyers wait

Nov 29, 2012 | 02:43 PM | Sean Davidson

Tags  container scrap, shredded scrap, heavy melt, West Coast exportx, Sean Davidson

NEW YORK — Ferrous scrap export prices on the West Coast are under pressure this week after several market participants reported a softening in offshore sales to some regions.

Most sources said containerized scrap prices for an 80/20 mix of No. 1 and No. 2 heavy melt to Taiwan dropped this week due to limited participation from buyers. HMS 1&2 (80:20) sales were reported in a range of $365 to $368 per tonne c.f.r. Taiwan, down from sales concluded at between $370 and $380 per tonne—mainly at the low end—over the past two weeks.....

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