W. Coast scrap export tags rise on tight supply
Dec 28, 2012 | 03:16 PM
| Sean Davidson
NEW YORK West Coast ferrous scrap export prices for containerized shipments have jumped about $10 per tonne in the past two weeks, with exporters aiming even higher.
Sources cited a tight scrap supply, lack of supplier interest in lower tags and recent increases in domestic scrap prices in China and Japan as some of the factors driving up tags.
U.S. exporters and buyers for some East Asian mills said that containerized sales to Taiwan of an 80/20 mix of No. 1 and No. 2 heavy melt scrap have been concluded at between $365 and $370 per tonne, up $10 from mid-December levels (amm.com, Dec. 14).....
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