US Scrap Export Prices to Rise

  • Thursday, October 24, 2013
  • Source:

  • Keywords:US Scrap Export
[Fellow]
Reportedly, the US scrap export quotes to Taiwan are at US$362/ton CFR this week, remaining flat from a week ago.
 
However, it’s predicted that the actual selling prices would rise by US$2/ton from a week ago to US$360/ton CFR.
 
It’s learned that the international scrap prices started to rise from early October and the total price rise has reached US$15/ton.
 
Industry sources said that the price rise was boosted by shortage in winter. The buyers from Korea and Turkey have increased purchases for stockpiles.
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