US scrap export prices slide again

Jan 17, 2014 | 07:16 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, HMS, heavy melt, shred, 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 (, Jan. 15), market participants said bulk sales suffered a similar fate.

Sources said two exporters each sold one bulk cargo to one of Korea’s 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 (, Jan. 13).....

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