By Bill Beck - January 10, 2018
Exports continue to move offshore from Pacific Northwest yards, a trend reflected in prices increasing $25 in January at yards in Seattle and Portland. Last month, prices were up a solid $20 in the region on the strength of export sales that continue to climb.
By Bill Beck - December 13, 2017
A Pacific Northwest market that that gave back $20 in October of the $35-$40 increase in late summer and early autumn reclaimed that $20 in December on the strength of export sales that continue to climb.
By Bill Beck - November 15, 2017
An October market that gave back $20 of the $35-$40 increase in late summer and early autumn leveled out in the Pacific Northwest in November. “We are sideways up and down the West Coast,” said one California broker.
By Bill Beck - October 11, 2017
After increasing $35 in August and September, markets in the Pacific Northwest cooled off in October, dropping an average of $20, both on the docks and at local domestic mills. One West Coast broker attributed the drop to a Canadian broker who sold several cargoes off the East Coast to Turkish buyers at prices well below the market in early September. “That was not really in line with prices in the rest of the world,” he said.
By Bill Beck - August 16, 2017
A weak dollar and strong demand from customers in the Pacific Rim countries has the Pacific Northwest ferrous scrap market enjoying one of its strongest performances in years.