W. Coast container scrap export prices up

Oct 16, 2013 | 03:25 PM | Sean Davidson

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

NEW YORK — An apparent tightness in ferrous scrap supply in Japan, South Korea and Taiwan and on the U.S. West Coast has triggered a rebound in containerized scrap export prices.

Sale prices to Taiwan are almost back to early September levels of $355 per tonne c.f.r. for an 80/20 mix of No. 1 and No. 2 heavy melt, market participants said, after falling to around $340 per tonne last month (amm.com, Sept. 20).

Significant volumes were sold to Taiwan last week at $350 per tonne c.f.r. for HMS 1&2 (80:20), with prices climbing higher at the start of this week, buyers and sellers said, while U.S. offer prices are now anywhere between $355 and $360 per tonne c.f.r. Taiwan, although sources said trading has been sparse in that range.....

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