US scrap exports pick up, but pricing slips

Sep 30, 2013 | 05:00 PM | Sean Davidson

Tags  steel scrap, ferrous scrap exports, scrap prices, heavy melting scrap, shredded scrap, HMS, bulk exports, scrap demand Sean Davidson

NEW YORK — Four ferrous scrap bulk sales to Turkey and one to South Korea kept U.S. exporters busy last week as demand picked up on marginally softer prices.

Two exporters each sold two bulk cargoes to Turkey off the East Coast at prices ranging from $363 to $365 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melting steel scrap, market participants said.

While the range is just a touch below the previous East Coast bulk sale to Turkey on Sept. 13 at $366 per tonne for HMS 1&2 (80:20), pre-shipping or f.o.b. values dropped a bit more due to rising freight costs, sources said.....

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