Bulk scrap exports to Turkey jump $10/T

Jun 21, 2013 | 03:21 PM | Sean Davidson

Tags  steel scrap, ferrous scrap, scrap exports, Turkey, Sean Davidson

NEW YORK — Bulk ferrous scrap exports to Turkey jumped about $10 per tonne following a fresh sale in the past week.

Market participants said a single bulk cargo of about 40,000 tonnes of an 80/20 mix of No. 1 and No. 2 heavy melt was sold to a steel mill in southeastern Turkey at $356 per tonne c.i.f. Turkey.

Due to its remote location and cargo composition, the shipment is expected to attract additional freight costs and thus represents an increase of nearly $10 from the last U.S. sale to Turkey booked a week earlier (amm.com, June 17), sources said. ....

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