US East Coast bulk ferrous scrap exporters are successfully making sales in markets that were historically open only to the West Coast, thanks to a wide price difference between those regions.
A South Korean mill booked an East Coast cargo containing 45,000 tonnes of an 80:20 mix of No 1 and No 2 heavy melting scrap at $355 per tonne cfr on Tuesday October 2, sources told Fastmarkets AMM. This price is similar to that of a West Coast cargo sold to another South Korean producer on September 21, but...