US ferrous scrap export market strengthens on both coasts

Both coasts of the United States have enjoyed a flurry of renewed activity in the ferrous scrap export market, with global demand becoming the bright spot of business in the US.

On the West Coast, one exporter sold a 30,000-tonne cargo to India on Tuesday June 2 at an average price of $280 per tonne as low international shipping rates have opened up many areas that are not typically accessible due to freight costs. The cargo contained 10,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap and 20,000 tonnes of shredded scrap. A second West Coast exporter...

Published

Lisa Gordon

June 03, 2020

22:45 GMT

Pittsburgh