US books more ferrous scrap sales to Turkey

Aug 16, 2013 | 04:28 PM | Sean Davidson

Tags  scrap, exports, ferrous scrap, steel scrap, heavy melt, hms, plate and structural, Sean Davidson

NEW YORK — Three U.S. bulk ferrous scrap cargoes sold to Turkey and a few more out of Europe kept export prices elevated and continued the flood of material into Turkey.

Turkish mills have booked nearly 70 bulk cargoes, or 3 million tonnes, since the beginning of July, all slated to arrive between August and mid-September. Ten of those cargoes were booked this past week.

Market participants reported three sales out of the U.S. East Coast—two booked on Aug. 15 and one on Aug. 13.....

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