Turkish scrap buy may push prices down
Apr 10, 2013 | 04:17 PM
| 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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