Bulk US ferrous scrap export prices hold steady

Aug 26, 2013 | 04:27 PM | Sean Davidson

Tags  scrap, steel scrap, ferrous scrap, scrap exports, HMS, heavy melt, shred, Turkey market China market

NEW YORK — U.S. bulk ferrous scrap export prices stayed relatively unchanged as trade came to a virtual standstill this past week.

Bulk sales to Turkey stalled as buyers backed away from markets after several weeks of amassing large volumes to cover inventory into October.

Market participants said Turkish mills booked only four bulk cargoes last week—one out of Canada after being diverted from Egypt (amm.com, Aug. 21), another from the United Kingdom and two from Scandinavia.....

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