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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