US scrap export prices slide again
Jan 17, 2014 | 07:16 PM
| Sean Davidson
NEW YORK Two West Coast bulk ferrous scrap sales to South Korea have sent U.S. export prices down for the second straight week.
Barely days after the results of a benchmark tender in Japan sent prices of containerized scrap tumbling (amm.com, Jan. 15), market participants said bulk sales suffered a similar fate.
Sources said two exporters each sold one bulk cargo to one of Koreas largest consumers at $385 per tonne c.i.f. Korea on a No. 1 heavy melt basis$23 per tonne lower than the price paid by the same consumer just before Christmas and about $9 lower than sales to Taiwan reportedly concluded earlier this month (amm.com, Jan. 13).....
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