Ports strike has some Asian steel mills on alert
Dec 03, 2012 | 04:51 PM
| Sean Davidson
NEW YORK A number of inventory-lean steel mills in Asia are said to be bracing for a possible impact from the ongoing strike at the ports of Los Angeles and Long Beach in California.
Several U.S. scrap exporters and buyers for some mills in East Asia said the strike could cause delays in shipments of containerized ferrous scrap lasting up to five days, a prospect that has alarmed receiving mills running low on inventory. For other mills with more material on hand, the impact will be minimal, sources said.
Dockworkers at seven of eight container terminals in Los Angeles and as many as three of six terminals in Long Beach are honoring picket lines by clerical members of the International Longshore and Warehouse Union (amm.com, Nov. 30). The workers contend that shippers are outsourcing their jobs overseas, although shippers say thats not the case.....
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