Turkish buys lift US ferrous export tags further

Jan 09, 2013 | 04:45 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, scrap export prices, Sean Davidson

NEW YORK — U.S. ferrous scrap export prices inched higher this week as Turkish mills continued to fill inventories.

Buyers for Turkish mills have booked at least another five cargoes this week after picking up three bulk cargoes Friday, according to market sources. This week’s sales indicated export prices of $406 to $407 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt scrap, up $1 to $2 from Friday’s $405-per-tonne level.....

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