Ferrous scrap exports dry up on both coasts

Jul 16, 2012 | 01:57 PM | Sean Davidson

Tags  ferrous scrap, AMM Ferrous Scrap Export Index, HMS 1&2 (80:20), Sean Davidson

NEW YORK — U.S. ferrous scrap export prices were mostly unchanged over the past week as exporters failed to log any bulk sales off the East or West coasts.

Turkey, the largest offshore consumer off the East Coast, is reportedly mulling its next price moves in response to U.S. prices, which dropped considerably last week for the second consecutive month.Some sources expect East Coast export activity to resume this week as Turkish buyers look for deliveries after the Ramadan holiday.....

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