Turkish buys send ferrous scrap prices up $5/T

Oct 05, 2007 | 09:31 AM | Ben Garside

Turkish steel mills returned to the deep-sea ferrous scrap market last week, sending prices approximately $5 a tonne higher than previous deals three weeks earlier.

Six cargoes were sold to Turkish steelmakers, with further purchases anticipated, according to industry sources. The most recent sale was an 80-20 mix of No. 1 and No. 2 heavy melting steel scrap at $343 a tonne delivered from an exporter on the U.S. East Coast. The ship is scheduled to arrive at a Turkish port sometime in November.....

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