Export prices to Turkey jump $10 per tonne

Jul 05, 2013 | 05:24 PM | Sean Davidson

Tags  ferrous scrap, exports, Turkey, pricing, market, shipments, cargos, No. 1 and No. 2 heavy melt plate and structural scrap

NEW YORK — Ferrous scrap export prices for bulk shipments have gained almost $10 per tonne after four sales to Turkey capped another positive week for exporters.

After gaining about $3 per tonne a week ago, four bulk sales by two exporters between July 3 and 5 indicate pre-freight prices increased about $10 per tonne.

Market participants said July 1 that U.S. exporters raised offer prices to Turkish mills to around $365 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt, after being forced to lift buying prices at their docks due to a strengthening domestic market.....

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