Export prices get a bounce on sales to Turkey

Feb 07, 2013 | 04:25 PM | Sean Davidson

Tags  scrap exports, ferrous scrap, Sean Davidson

ISTANBUL — Ferrous scrap export prices rebounded Feb. 7 after two exporters were able to stop a recent decline and set a new level for prices to Turkey.

Market participants said U.S. exporters sold three bulk cargoes to Turkey Feb. 6, with two cargoes exceeding 40,000 tonnes and one reportedly just shy of 30,000 tonnes. All three cargoes traded at close to $390 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt, sources said.....

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