West Coast exporters seek higher scrap prices

Nov 08, 2013 | 04:36 PM | Sean Davidson

Tags  ferrous scrap, exports, exporters, containerized shipments, Southeast Asia, Taiwan, Malaysia, indonesia China

NEW YORK — West Coast exporters of containerized ferrous scrap are pushing for price increases into Taiwan and other Southeast Asian countries following a week dominated by stronger domestic sales.

Sufficient price increases in a range of $15 to $20 per gross ton from the few domestic mills that West Coast companies can ship scrap to left many exporters with no immediate need to negotiate prices with Asian buyers, resulting in very few trades this past week, sources said.

Market participants reported price offer ranges of anywhere between $355 and $365 per ton for an 80/20 mix of No. 1 and No. 2 heavy melt scrap delivered to Taiwan.....

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