US East Coast docks face squeeze, scrap buying prices rise

摘要

The United States East Coast ferrous scrap export market is facing margin compression, with dock buying prices rising more sharply than recent cargo sales. Only two cargoes have been sold from the US to Turkey since December 13, with the latest deal reported out of Florida on Friday January 3. The Florida deal consisted of 20,000 tonnes of a 90:10 mix of No1 and No2 heavy melting scrap (HMS), 8,000 tonnes of shredded scrap and 2,000 tonnes of bonus-grade scrap sold at an average price of $305 per tonne cfr.