W. Coast containerized scrap prices soften
Jan 18, 2013 | 05:14 PM
| Sean Davidson
NEW YORK Export prices for containerized ferrous scrap on the West Coast are under pressure after peaking earlier in the past week.
Export prices enjoyed an uptick over the past few weeks due to a surge in demand from buyers in China and Taiwan who were looking to fill inventories ahead of a seasonal slowdown due to the Chinese New Year holiday in February.
Market participants said prices peaked at $402 per tonne c.f.r. Taiwan for an 80/20 mix of No. 1 and No. 2 heavy melt before shedding $5 on Jan. 17 to a range of $390 to $395 per tonne.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.