Scrap export dock prices fall as demand slows

Mar 20, 2013 | 02:47 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, East Coast, West Coast, scrap, 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.....

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