W. Coast ferrous scrap export prices dip again

Jan 25, 2013 | 04:22 PM | Sean Davidson

Tags  ferrous scrap exports, containerized scrap, West Coast exports, ferrous scrap prices, Sean Davidson

NEW YORK — West Coast export prices for containerized ferrous scrap shed $5 per tonne this past week ahead of February’s Chinese New Year holiday.

The decline, which amounts to $10 per tonne over the past two weeks, has prompted some market participants to suggest the market might have reached its bottom.

Market participants reported sales in a range of $385 to $390 per tonne c.f.r. Taiwan for an 80/20 mix of No. 1 and No. 2 heavy melt, down from the previous week’s range of $390 to $395 per tonne.....

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