East Coast Export Index slips on weak sales
Dec 10, 2012 | 05:37 PM
| 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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