Hoffman on scrap: Weak Japanese yen weighs on West Coast export market

Having just attended the historically significant ISRI Mid-America Chapter Consumers Night Banquet in St. Louis and waiting for my delayed flight, it seemed I had the perfect opportunity to inform the industry of a few items that came out while wheeling and dealing in the beautiful Union Train Station Hotel.

For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market. Before the holiday, buyers tried to push prices down to $370 per metric ton (mt) CFR Taiwan level for containerized HMS.