Container scrap tags to Asia rise with demand

Jun 12, 2014 | 04:49 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, scrap prices, containerized scrap, Asia shipments, Sean Davidson

NEW YORK — Ferrous scrap export prices to several Asian countries have strengthened this week as demand from mill buyers improved.

Market participants reported higher weekly prices for containerized ferrous scrap shipments into such countries as Taiwan, South Korea, Thailand and Vietnam, while larger-volume cargoes out of Japan also recorded a significant increase June 11.

Container loads of an 80/20 mix of No. 1 heavy melt traded in a range of $354 to $358 per tonne c.f.r. Taiwan, sellers into Taiwan said, up $6 per tonne on the low end and $1 on the high end from the prior week’s range.....

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