US ferrous scrap export prices to Turkey rise

Dec 03, 2013 | 04:47 PM | Sean Davidson

Tags  ferrous scrap exports, HMS, heavy melt, scrap prices, steel scrap, Turkey, Sean Davidson

LONDON — U.S. prices for bulk ferrous scrap shipments to Turkey inched a few dollars higher this week as mills returned to the market to book supply for late December and January.

Market participants said two bulk cargo sales from the East Coast were booked over the past five days.

One cargo, comprising 40,000 tonnes of an 80/20 mix of No. 1 and No. 2 heavy melt and 5,000 tonnes of shred, was sold Nov. 28 at a composite price of $393 per tonne c.i.f. Turkey, sources said. A second cargo reportedly was sold late Dec. 2 at $392 per tonne for 25,000 tonnes of HMS 1&2 (80:20) and $397 per tonne for 30,000 tonnes of shred.....

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