Ferrous scrap export prices to Asia mixed

Aug 21, 2014 | 03:12 PM | Sean Davidson

Tags  ferrous scrap, Asia scrap demand, bulk scrap, container scrap, HMS, heavy melt, scrap exports, scrap prices Sean Davidson

NEW YORK — Export prices for containerized ferrous scrap to Taiwan and South Korea inched marginally higher this week due to improving sentiment in the United States and Japan.

However, trading into most other Asian countries—including Vietnam, Thailand and Malaysia—was relatively quiet, market participants said, resulting in a conflicting week for exporters.

Although volumes sold to Taiwan and Korea were far from exciting, transactions recorded by buyers and sellers indicated a strengthening of about $2 per tonne on average this week compared with the previous week.

Containerized sales of an 80/20 mix of No. 1 and No. 2 heavy melt steel scrap were reported into Taiwan at $347 to $350 per tonne c.f.r. Taiwan, up from $345 to $348 per tonne a week ago (amm.com, Aug. 14).....

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