Ferrous scrap export prices to Turkey up $3/T

Jun 28, 2013 | 05:05 PM | Sean Davidson

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

NEW YORK — East Coast export prices for bulk ferrous scrap shipments inched slightly higher this past week after two sales to Turkey were concluded above previous price levels.

Two U.S. exporters sold bulk cargoes to different Turkish mills at similar price levels in recent days. One concluded on June 28, a day that also saw at least five other bulk sales from Europe and Russia as Turkish mills looked to secure inventory before a long religious holiday, several sources said.

One U.S. exporter sold a mixed bulk cargo June 28 at $359 per tonne c.i.f. Turkey for an 80:20 mix of No. 1 and No. 2 heavy melt, $364 for shred, and $369 for plate and structural scrap, sources said.....

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