US bulk export tags to Turkey near 3-year low

May 16, 2013 | 05:22 PM | Sean Davidson

Tags  ferrous scrap, steel scrap, HMS, heavy melt, shredded scrap, scrap exports, Turkish buyers, scrap prices Sean Davidson

NEW YORK — U.S. bulk scrap export prices to Turkey dropped to a nearly three-year low Thursday as mill buyers continued to drive prices downward.

Two exporters each sold a bulk cargo to different Turkish mills on May 15 and May 16, market participants said. That sent U.S. bulk scrap export tags below $360 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt ex-East Coast for the first time since the summer of 2010.....

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