Ferrous scrap export prices to Asia mixed
Aug 21, 2014 | 03:12 PM
| 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 countriesincluding Vietnam, Thailand and Malaysiawas 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).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.