E. Coast export prices rise on Turkey's return
Aug 13, 2012 | 04:05 PM
| Sean Davidson
Tags
ferrous scrap,
AMM Ferrous Scrap Export Index,
HMS 1&2 (80:20),
Sean Davidson
NEW YORK — A surge in bulk sales of ferrous scrap to Turkey sent East Coast export prices soaring over the past week, while West Coast exporters struggled to book meaningful sales.
Market participants reported seven bulk sales to Turkey during the past week, with prices rising nearly $30 per tonne.
Turkish buyers set the tone early last week when three cargoes were booked at around $415 per tonne c.f.r. Turkey (amm.com, Aug. 7). Sources have since confirmed four additional bulk sales since last Tuesday at similar levels, establishing a firm price level for an 80/20 mix of No. 1 and No. 2 heavy melt.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here