Bulk ferrous scrap export prices to Turkey rise

Dec 20, 2012 | 05:13 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, heavy melt, HMS 1&2 (80:20), scrap prices, Sean Davidson

NEW YORK — A fresh round of higher-priced bulk ferrous scrap export sales from the East Coast to Turkey has placed a more positive spin on near-term export tags.

Uncertainty still pervades the market on where export prices are expected to land in late January, but an increase in selling prices for three cargoes sold late Tuesday and Wednesday has brought some positivity, sources said.

A U.S. exporter sold two bulk cargoes of 45,000 tonnes each to a single consumer in Turkey late Tuesday at $391 per tonne c.i.f. for an 80/20 mix of No. 1 and No. 2 heavy melt scrap, AMM has learned.

Each cargo will reportedly carry about 30,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded scrap and 5,000 tonnes of plate and structural scrap. The shredded portion sold at $396 per tonne, while plate and structural sold at $401 per tonne, sources said.....

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