Ferrous scrap sale to Turkey sets market tone

Apr 25, 2013 | 04:39 PM | Sean Davidson

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

NEW YORK — A bulk cargo sale of ferrous scrap to Turkey out of the Gulf Coast has provided the market with a clearer vision of upcoming negotiations as more Turkish steel mills enter the market to acquire material.

Several market participants reported an April 25 sale out of Houston to a Turkish mill at a composite price of $383 per tonne c.f.r. Turkey. The cargo was said to comprise 32,000 tonnes of an 80/20 mix of No. 1 and No. 2 heavy melt, 8,000 tonnes of shredded scrap and 5,000 tonnes of plate and structural scrap.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results