Port problems on East Coast support Turkish scrap prices

Nov 07, 2012 | 02:23 PM |

Tags  Turkish scrap prices, scrap, East Coast port, Port Newark Container Terminal, Global Terminal, Red Hook Container Terminal, New York Container Terminal, Elizabeth Marine Terminal Naomi Christie

LONDON — The price of delivered scrap into Turkey has been boosted by the Port of Newark’s weeklong closure and its slow return to full operation.

Turkish mills rely on short lead times between the purchase and delivery of scrap, a U.K.-based scrap trader told AMM sister publication Steel First. As deliveries have been delayed by at....

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