US bulk scrap export prices to Turkey stabilize

Jul 15, 2013 | 06:10 PM | Sean Davidson

Tags  ferrous scrap, steel scrap, AMM index, export prices, bulk scrap, heavy melt, shredded scrap, plate and structural scrap Turkish mills

NEW YORK — Two U.S. ferrous scrap bulk cargo sales booked to Turkey over the past week indicate that export prices to the largest offshore consumer of U.S. steel scrap have stabilized.

Market participants said one mill in Turkey’s Marmara region booked a mixed bulk cargo of an 80-20 mix of No. 1 and No. 2 heavy melt, shredded, and plate and structural scrap (P&S) at prices of $365, $370 and $375 per tonne c.i.f. Turkey, respectively.

A second cargo reportedly carrying 28,000 tonnes of HMS 1&2 (95:5) and 2,000 tonnes of P&S was sold to a different mill in the same region at a composite price of $370 per tonne c.i.f. Turkey.....





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