Bulk ferrous scrap sales send prices down
Jan 23, 2013 | 05:02 PM
| Sean Davidson
Tags
ferrous scrap,
scrap exports,
Sean Davidson
NEW YORK — U.S. bulk ferrous scrap export prices were pushed lower Jan. 23 after a Turkish mill booked two cargoes from the East Coast, ending a nearly two-week lull in activity.
Market participants said a single mill traded with two different U.S. exporters at identical price levels, and reportedly bought a third cargo from Europe.
Sources said the two U.S. bulk cargoes were sold at $401 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt, indicating a $4- to $6-per-tonne drop from the last U.S. cargoes sold to Turkey, which traded in a range of $405 to $407 per tonne for HMS 1&2 (80:20) earlier this month.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here