W. Coast scrap export tags slip on low demand

Sep 20, 2013 | 06:31 PM | Sean Davidson

Tags  scrap exports, ferrous scrap, steel scrap, HMS, heavy melt, Sean Davidson

NEW YORK — West Coast export prices for containerized ferrous scrap have dropped $20 per tonne over the past few weeks due to a decline in finished steel demand in key Far East Asian countries.

Market participants said prices have fallen to a range of $340 to $345 per tonne c.f.r. Taiwan for an 80/20 mix of No. 1 and No. 2 heavy melt scrap, down $20 from the end of August (amm.com, Aug. 29) and as much as $15 below HMS 1&2 (80:20) prices of $355 per tonne that were recorded in the first two weeks of September.....

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