US bulk export prices rise, seen strengthening
Oct 14, 2013 | 03:37 PM
| Sean Davidson
NEW YORK U.S. bulk ferrous scrap export prices gained some ground last week, with sales from the West Coast and recent Turkish bids for East Coast scrap pointing to a stronger market.
West Coast market participants reported two bulk sales in the past 10 days and said current offers have trekked above both cargoes sales prices.
A mixed cargo sale to South Korea early last week was reportedly concluded at a price basis of $369.50 per tonne c.i.f. for No. 1 heavy melt, while a second cargo sale to Taiwan was booked a few days later at a price basis of $377 per tonne c.i.f. for an 80/20 mix of No. 1 and No. 2 heavy melt.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.