Mixed reports on export trades leave Index flat

Nov 26, 2012 | 03:50 PM | Sean Davidson

Tags  scrap, ferrous scrap, exports, AMM Index, Sean Davidson

NEW YORK — Prices for U.S. bulk ferrous scrap exports to Turkey remained unchanged this past week as exporters and buyers in Turkey continued to negotiate a firm pricing level.

Market participants who had been hopeful of a flurry of orders from Turkish mills before Thanksgiving were left pondering over a market that reported no East Coast sales.

A reported pre-Thanksgiving sale from Houston to a Turkish mill set the rumor mills churning as sources put the price at between $399 and $408 per tonne c.f.r. for an 80/20 mix of No. 1 and No. 2 heavy melt.....

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