E. Coast ferrous scrap tags hold as volumes slip
Apr 13, 2012 | 04:39 PM
| Sean Davidson
NEW YORK U.S. East Coast ferrous scrap export prices held steady this past week despite lower volumes, with only two confirmed bulk cargo sales to Turkey.
Market participants noted a sale at a composite price of $457.50 per tonne c.f.r. for one bulk cargo containing an 80/20 mix of No. 1 and No. 2 heavy melt, shredded steel scrap, and plate and structural scrap.
A second cargo sold at $452 per tonne c.f.r. for 80/20 heavy melt, $457 for shredded and $462 for plate and structural scrap. The $452 price for 80/20 heavy melt indicates a sideways market compared with a week earlier, when bulk heavy melt sold to Turkey in a range of $451 to $453 per tonne c.f.r. (AMM, April 10).....
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