Ford Motor Sells Factory Bundles At 390 dollars /LT For August Shipments

摘要

US automaker Ford Motor Co is reported to have sold factory bundles at around 390 dollars /LT in its tender for August shipments, up 76 dollars from a month ago. A surprisingly high release price is expected to impact the domestic ferrous scrap market in the USA and ferrous scrap import deals in East Asia. Ford Motor's release price this time is estimated at a level beyond 400 dollars /LT delivered steelworks, which indicates a buoyant market for high grades of ferrous scrap.