US ferrous scrap export prices to Asia slip
Jul 24, 2014 | 06:07 PM
| Sean Davidson
NEW YORK Bulk and containerized ferrous scrap export prices into most Asian markets fell this week as demand remained weak.
Market participants said that a bulk cargo sale off the West Coast to South Korea sent prices lower for the second consecutive week, while containerized scrap export tags also lost some ground.
A booking by a large Korean producer at $372 per tonne c.i.f. Korea for No. 1 heavy melt was $6- to $7-per-tonne lower than a cargo the same producer booked from the same exporter last week (amm.com, July 21), according to market participants.....
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