These declines have taken prices back to the levels seen at the middle of last year for most obsolete scrap grades like No. 1 heavy melt steel and shredded scrap, as well as biting into price tags for most industrial steel scrap.
Ferrous scrap prices have plunged more than $300 a ton this month, matching September's swoon.
Just to give you a brief description on the current market situation, see the following article from MetalBulletin (its the news website of this industry):
DELIVERY TIME: Ex-Yard or 14 days to ship to Seattle
CONTRACT LENGTH: Spot contract
PRICE: 210USD per ton Ex-Yard (9 miles away from Anchorage sea port) OR 310USD FOB Seattle
QUANTITY: 4,000 metric tons
SPECIFICATION: HMS1&2 (80/20), ISRI 200-203
COMMODITY: 4,000 metric tons of ferrous scrap
COMMODITY: 4, 000 metric tons of ferrous scrap
SPECIFICATION: HMS1 & 2 (80 / 20) , ISRI 200-203
Minimum Order Quantity: | 1000 Metric Ton |
Port: | Anchorage |
Fob Price: | US$210-310Anchorage |
HMS Type: | HMS1 |
Brand Name: | Goodman Broker |
Place of Origin: | Alaska United States |
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