Export dock prices fall as container tags slide

Apr 16, 2013 | 06:22 PM | Sean Davidson

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

NEW YORK — A big fall in West Coast ferrous scrap export prices for containerized scrap over the past two weeks has forced several exporters to lower their buying prices for material delivered to their yards.

Market participants said that sales of an 80/20 mix of No. 1 and No. 2 heavy melt had dropped to between $350 and $355 per tonne c.f.r. Taiwan, indicating a decline of as much as $20 from $370 per tonne in the last week of March (amm.com, March 29).

One large exporter logged some sales between $358 and $360 per tonne, while a second small-volume exporter said the latest offer he received from Taiwan was $345 per tonne c.f.r.....

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