June 7 2012
Metro East Recycling Inc. | 610 E. National Mine Rd., Nashville, Illinois 62263 reports that Scrap Iron prices are continuing to fall. Their current price is $170 per ton or .085 per pound.
In other news:
US scrap export prices to Taiwan continue falling
It’s reported that the US scrap export prices to Taiwan have continued falling recently.
This week, the selling prices of the US container HMS 80:20 (1&2) to Taiwan have dipped to US$400/ton C&F, decreasing substantially by US$15/ton from a week earlier.
Industry sources said that the international scrap market has stayed in downward trend due to debt crisis in euro zone. Thus, the Taiwanese steel mills have sought for lower scrap prices.
Moreover, it’s said that the Taiwanese steel mills have bid US$390/ton C&F for the US scrap.