US ferrous scrap export prices to Turkey fall

Sep 05, 2012 | 05:11 PM | Sean Davidson

Tags  ferrous scrap exports, Sean Davidson

NEW YORK — U.S. ferrous scrap export prices to Turkey have dropped more than $10 per tonne after an exporter broke a two-week lull and booked a bulk sale Wednesday.

Market participants in both countries reported the sale of a mixed bulk cargo carrying an 80/20 mix of No. 1 and No. 2 heavy melt and shredded scrap as Turkish mills resumed activity and, in the process, picked up an additional cargo from the United Kingdom. Both cargoes have traded for prompt delivery, sources said.....

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