The West Coast continues to be the most active US export market for ferrous scrap, with container prices rebounding and rumors surfacing that the docks will be raising prices soon.
On the West Coast, the containerized price for an 80:20 mix of No1 and No2 heavy melting scrap (HMS) rebounded to $280 per tonne fas Los Angeles after falling to $275 per tonne previously, defying last week's expectation that container prices would slip further.At the same time, suppliers indicated that a $10-per-gross-ton increase at the Los Angeles docks is imminent.On the East Coast, shredded scrap in containers was selling near $300 per tonne fas East Coast, in line...