Ferrous scrap export prices get small lift

Mar 13, 2013 | 03:52 PM | Sean Davidson

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

NEW YORK — Prices for bulk ferrous scrap exports to Turkey gained a few dollars this week as Turkish mills returned to the market to fill inventories.

At least seven bulk cargoes have sold to five Turkish producers since March 7, with the United States accounting for three of those sales and the United Kingdom and continental Europe booking two each.

A sixth Turkish producer has yet to announce the result of a March 12 tender, which many sources believe was won by a British exporter.

U.S. East Coast exporters had sought much larger price increases, with offers reported in a range of $405 to $415 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt.....

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