Ferrous export tags fall amid new Turkish buys
Sep 25, 2012 | 04:03 PM
| Sean Davidson
NEW YORK U.S. ferrous scrap export prices dropped another $5 per tonne Tuesday as market participants reported new sales to Turkey.
Several sources said that two consumers had picked up three U.S. bulk cargoes at about $365 per tonne c.f.r. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt, down from $370 in last weeks sales of at least four bulk cargoes off the U.S. East and Gulf coasts (amm.com, Sept. 24).
One cargo of about 25,000 tonnes will comprise HMS 1&2 (80:20) and shredded scrap, which sold at $365 and $370 per tonne, respectively.....
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