Container ferrous scrap prices to Asia mixed

Apr 25, 2014 | 03:53 PM | Sean Davidson

Tags  scrap, scrap exports, ferrous scrap, HMS, heavy melt, shredded scrap, Sean Davidson

NEW YORK — Prices for containerized ferrous scrap exports to Asia were mixed this past week as tags into some critical markets dropped while others held steady.

News of a U.S. bulk cargo sale to Thailand at higher prices did little to prevent declines in tags for container exports into Taiwan and South Korea, with market participants reporting a retreat in demand from two of the region’s largest importers of scrap.

Taiwanese mill buyers, Asian traders and U.S. exporters reported sales for an 80/20 mix of No. 1 and No. 2 heavy melt in a range of $350 to $355 per tonne c.f.r. Taiwan this past week, down $5 per tonne from earlier levels.....

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