Ferrous scrap exports surge as prices slump
Nov 07, 2011 | 05:21 PM
| Sean Davidson
NEW YORK U.S. ferrous scrap exporters logged a busy week of trade, with bulk cargo exports expected to enter the double digits by Wednesday.
Market sources said at least five East Coast deep-sea vessels were shipped to Turkey at around $425 per tonne c.f.r. for an 80/20 mix of No. 1 and No. 2 heavy melting steel scrap and $430 per tonne c.f.r. for shredded scrap. Prices since last week indicate a $5-per-tonne drop in export tags and are in line with market expectations, sources said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.