Scrap export dock prices fall as demand slows
Mar 20, 2013 | 02:47 PM
| Sean Davidson
NEW YORK Many U.S. ferrous scrap exporters have lowered buying prices at docks along the East and West coasts amid falling offshore demand, market participants say.
Buying prices have dropped $10 per gross ton across all grades, sources on both coasts said, and some suggested that tags might fall for a second time in the coming days.
Prices at the Los Angeles docks dropped $10 on March 19, and at least one San Francisco exporter followed suit March 20, cutting all tags by $10, West Coast sources 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.