Lack of Turkish buys holds line on deep-sea ferrous scrap prices

Oct 13, 2006 | 06:15 PM | Ben Garside

No new deep-sea sales of ferrous scrap to Turkey were reported last week, with scrap exporters said reluctant to sell short while still loading and shipping scrap to the Mediterranean nation.

Prices remain at levels seen the previous week despite increases in ocean freight rates. Turkish steelmakers had placed orders for about nine cargoes a week ago, mainly from U.S. East Coast scrap export yards.....

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