Containerized ferrous scrap prices to Asia dip

Jul 10, 2014 | 05:51 PM | Sean Davidson

Tags  scrap, ferrous, steel, export, HMS, heavy melt, shred, Taiwan Japan

NEW YORK — Containerized ferrous scrap export prices to most Asian markets retreated this week after a regional benchmark tender in Japan slipped a few dollars and demand from Taiwan weakened.

Market participants are divided on whether a slight decrease in prices of the monthly Kanto-region auction in Japan (amm.com, July 10) will send other regional prices down in the coming days.

Buyers and sellers in Taiwan said prices softened before the July 9 Kanto tender as mill demand plummeted following weeks of heavy buying to fill inventories.....





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