East Coast Export Index slips on weak sales
Dec 10, 2012 | 05:37 PM
| Sean Davidson
Tags
scrap,
ferrous scrap,
scrap exports,
scrap prices,
AMM Index,
heavy melt,
shredded scrap,
bonus scrap
Sean Davidson
NEW YORK — U.S. exporters logged just two bulk cargo ferrous scrap sales to Turkey last week, pressuring prices as the market chased weak sales previously concluded out of Canada.
A single exporter booked both sales to two different Turkish mills last Wednesday. The first sale was confirmed as having been concluded at $384 per tonne c.f.r. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt. Reports of this sale emerged last week (amm.com, Dec. 6). The same exporter then completed a second bulk sale at $383 per tonne c.f.r. Turkey.....
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