Turkish demand for US ferrous scrap seen rising

Feb 08, 2013 | 02:44 PM | Sean Davidson

Tags  ferrous scerap, scrap exports, Black Sea, Yusef Guven, Metalloinvest Holding, Alberto Hassan, Yuri Mishin, Baosteel Jiang Li

ISTANBUL — Turkish demand for U.S. ferrous scrap will grow in the coming years as supplies from another major exporting region decline, according to an industry executive.

Black Sea scrap exports from Russia and Ukraine to Turkey are falling, Yusuf Guven, director of Geneva-based Helveco Intertrade SA, told delegates at AMM sister publication Metal Bulletin’s Steel Success Strategies conference in Istanbul. "The main reason this is happening is their own need. Domestic demand for scrap is increasing as production is increasing."

As a result, Guven predicts demand for scrap from the United States and elsewhere in North America will increase in the near term.....

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