Slow offshore demand bites W. Coast prices
Mar 15, 2013 | 03:15 PM
| Sean Davidson
NEW YORK Prices for containerized ferrous scrap exported from the West Coast fell this past week due to a drop in demand from buyers in key consumer markets like Taiwan, South Korea and China, who continue to seek prices well below U.S. offers.
Taiwanese mill bids for containerized scrap ranged between $380 and $385 per tonne c.f.r. for an 80/20 mix of No. 1 and No. 2 heavy melt this past week, sources said, down $5 per tonne from the previous weeks range.
"West Coast markets are certainly weakening. Taiwan and Korea are skittish about jumping in," one scrap exporter said. Meanwhile, U.S. offers were at around $360 f.a.s. Long Beach, with buyers aiming lower, he said.....
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.