W. Coast exporters fend off freight hikes

Apr 02, 2013 | 04:04 PM | Sean Davidson

Tags  scrap, scrap exports, freight rates, West Coast exporters, scrap exporters, ferrous scrap, scrap metals, plastic scrap waste paper

NEW YORK — West Coast exporters have successfully fought off proposed increases in containerized freight prices, which depending on size threatened to rise by as much as $200 per container in April.

Weaker export volumes due to poor demand for several export commodities—including scrap metals, waste paper and plastic scrap—helped exporters stave off the general rate increases proposed by several shipping companies, according to market participants.

Shipping companies initially proposed to increase rates by $100 for 20-foot containers and $200 for 40-foot containers by April 1. This week, scrap metal exporters told AMM that final negotiations with different shipping lines resulted in no increases, barring a few that reported much lower increases on some routes.....

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