Bulk ferrous scrap export prices weaken

Feb 19, 2014 | 04:01 PM | Sean Davidson

Tags  ferrous scrap, bilk exports, HMS, heavy melt, shred, Sean Davidson

NEW YORK — U.S. bulk ferrous scrap export tags continued to slide this week, with cargoes sold to South Korea, Taiwan and Turkey at depressed prices.

After a long quiet period, demand from Asia returned to U.S. shores, albeit with lower bid prices that two exporters finally accepted.

One West Coast export yard reportedly sold two bulk cargoes Feb. 17 to different mills in South Korea at $362 to $363 per tonne c.i.f. Korea for No. 1 heavy melt, with prices for an 80/20 mix of No. 1 and No. 2 heavy melt said to be a dollar lower.....

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