East Coast scrap struggles, demand weak

Nov 21, 2013 | 06:40 PM | Sean Davidson

Tags  ferrous scrap, Arcelor, Gerdau, Evraz, Claymont, Coatesville, Steelton, scrap exports heavy melt

NEW YORK — East Coast ferrous scrap market participants are struggling to find traction for higher prices due to tepid local and export demand, AMM understands.

Philadelphia market participants reliant on domestic mills in the Mid-Atlantic region said the closure of Evraz Inc. North America’s mill in Claymont, Del., in October (amm.com, Oct. 14) has left scrap dealers with just three regional mills to supply.

Two of the three mills—Chicago-based ArcelorMittal USA LLC’s mills in Coatesville, Pa., and Steelton, Pa.—source scrap primarily from Philadelphia, where Claymont also obtained most of its scrap. The third regional mill, Gerdau Long Steel North America’s mill in Sayreville, N.J., rarely sourced scrap from Philadelphia but has now received several offers from the region.

Due to this shift in local supply-demand fundamentals, suppliers in specific pockets of Pennsylvania, Maryland, New York, New Jersey, Connecticut, Massachusetts and Rhode Island said they have had to rely heavily on exporters of bulk and containerized scrap for sales.....

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