W. Coast bulk scrap export tags poised to fall

May 19, 2014 | 03:42 PM | Sean Davidson

Tags  scrap, ferrous, exports, prices, steel, HMS, heavy melt, South Korea Taiwan

NEW YORK — West Coast bulk ferrous scrap export prices are under pressure after bid and offer price ranges dropped in line with fading demand.

The absence of demand from major importing countries such as South Korea and Taiwan, which triggered a drop in containerized ferrous scrap export prices last week (amm.com, May 15), forced exporters to drop their offer prices.

Taiwan’s scrap intake is expected to be dismal over the summer due to lower production, while a well-supplied Korean market will only book cargoes at appealing prices, according to traders.....

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