West Coast ferrous scrap export prices drop

Mar 29, 2013 | 02:26 PM | Sean Davidson

Tags  scrap, ferrous scrap exports, scrap prices, Sean Davidson

NEW YORK — West Coast ferrous scrap bulk export prices dropped between $5 and $10 per tonne this past week in response to continued weak market conditions in Far East Asia.

One week after an exporter sold two bulk cargoes to China at $420 per tonne c.i.f. for an 80/20 mix of No. 1 and No. 2 heavy melt, a second exporter reportedly sold an additional two bulk cargoes this past week to the Asian nation, indicating a slight demand uptick....

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