W. Coast bulk exports surge on softer prices

Dec 14, 2012 | 02:29 PM | Sean Davidson

Tags  ferrous scrap exports, West Coast, Sean Davidson

NEW YORK — West Coast bulk ferrous scrap export prices shed a few dollars this past week after exporters concluded several deals with Asian mills.

Following a long lull in bulk exports off the West Coast, exporters concluded at least four bulk cargo sales after lowering offers for heavy melt scrap from $390 per tonne c.i.f. Pusan, South Korea, according to market participants.

One Korean consumer picked up two bulk cargoes at $388 and $389 per tonne c.i.f. for heavy melt. The transaction apparently was completed about 10 days ago but reports didn’t surface in the market until this past week.....

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