US ferrous scrap export prices to Asia slip

Jul 24, 2014 | 06:07 PM | Sean Davidson

Tags  scrap, ferrous exports, steels scrap, bulk, container, HMS, heavy melt, South Korea Taiwan

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 (, July 21), according to market participants.....

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