East Coast scrap struggles, demand weak
Nov 21, 2013 | 06:40 PM
| Sean Davidson
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 Americas 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 millsChicago-based ArcelorMittal USA LLCs 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 Americas 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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