Bulk ferrous scrap prices to Turkey inch up

Jun 27, 2012 | 03:43 PM | Sean Davidson

Tags  exports, scrap, Sean Davidson

NEW YORK — U.S. ferrous scrap export prices strengthened further this week after four bulk cargoes were sold to Turkey at prices some $2 to $3 per tonne higher than those reported last week.

Market participants in the United States and Turkey said the four cargoes were sold off the East Coast at a price of about $383 per tonne c.f.r. for an 80/20 mix of No. 1 and No. 2 heavy melt scrap. Last week, sources reported several East Coast bulk sales to Turkey in a range of....

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