Tag: US: Ferrous scrap export prices edge down by $1/t w-o-w; demand remains bearish

Monsoon slows steel demand across Southeast Asia Market subdued during 30 August-2 September holidays US ferrous scrap export prices slight softened, falling $1/t w-o-w, as sentiment diverged. Rising freight costs pressured the East Coast, while strong container rates supported the West Coast. A market participant noted buyers were trying to offset higher shipping costs, which…