Turkish scrap buy may push prices down

Apr 10, 2013 | 04:17 PM | Sean Davidson

Tags  ferrous scrap, bulk scrap, Turkey, export prices, Sean Davidson

ORLANDO, Fla. — East Coast bulk ferrous scrap export prices shed more than $10 per tonne April 10 after a single sale to Turkey broke a nearly monthlong deadlock between U.S. exporters and Turkish buyers.

According to several market participants, a Turkish mill booked a mixed cargo of about 20,000 tonnes of an 80/20 mix of No. 1 and No. 2 heavy melt, 20,000 tonnes of shredded scrap and 5,000 tonnes of plate and structural scrap from a U.S. exporter that had been absent from the market for more than two months.....

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