Turkey orders for ferrous scrap start to trickle in

Dec 11, 2008 | 11:39 AM | Michael Marley

Ferrous scrap demand from Turkish mills and other Mediterranean scrap consumers hasn't revived to the levels seen earlier this year, but they are buying scrap from offshore suppliers on a hand-to-mouth basis, according to one U.S. trader said.

The latest sales to Turkey, booked earlier this week, were reported to be two or three cargoes of the 70-30 mix of No. 1 and No. 2 heavy melting steel scrap from northern Europe at about $240 per tonne delivered. Prior to those deals, an 80-20 mix of heavy melt was sold from one U.S. export yard a week ago at $250 per tonne delivered.....

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