Turkish ferrous scrap prices rise $4 to $5/tonne

Oct 19, 2007 | 08:17 AM |

Turkish steel mills were forced to pay about $4 to $5 a tonne more for ferrous scrap this past week, but the exporters providing that material haven't benefited from the higher prices amid rising ocean freight rates.

Benelux exporters booked two new sales of a 60-40 mix of No. 1 and No. 2 heavy melting steel scrap at $326.50 and $329.50 a tonne delivered to Turkey. Those cargoes are due to be shipped there in November. Earlier sales of an 80-20....

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