West Coast exporters seek higher scrap prices
Nov 08, 2013 | 04:36 PM
| Sean Davidson
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.....
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.