Bulk ferrous scrap export prices dip further

Jun 05, 2013 | 04:03 PM | Sean Davidson

Tags  ferrous scrap prices, scrap exports, bulk ferrous scrap, Sean Davidson

NEW YORK — Ferrous scrap export prices may not have bottomed out, as some market participants previously believed, as more information surfaces about the two most recent bulk cargo sales to Turkey.

Sources told AMM earlier this week that a 40,000-tonne cargo sold at a price basis of $344 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt (amm.com, June 4). But while it was originally believed that the....

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