Export market gets SOFT.

Today we’ve heard from several customers that their October export contracts have weakened. Going into Korea the 80/20 mix of HMS #1 & #2 has fallen from 285/mt to 240/mt.
Baled tin bundles which were bring 232/mt have slid to 205/mt.
Looks like the domestic market for October is going mostly sideways to up 10.
Our customers in the Northwest corner are reporting upward 10 movement on car bodies, tin and HM products.
Reports from the South and South West are reporting preliminary numbers indicating sideways for October.
Our customers in the East including Ohio and Pennsylvania have already been told down 5 and some have been docked 5 already.
Based on the mill start-ups and the mill buying we think this will be changing for the better through the month as many sellers hold.
In any event it looks like selling domestically this month will be the most profitable venue as the export market adjust to the States higher scrap prices.