Bulk export prices to Turkey continue climb

Mar 19, 2014 | 04:55 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, Turkey, South Korea, HMS, heavy melt, shred, Sean Davidson

NEW YORK — U.S. bulk ferrous scrap shipments to Turkey gained a few more dollars this week as buyers pushed to elicit interest from exporters who were otherwise absent.

East Coast exporters have sold just three bulk cargoes to Turkey over the past seven days, forcing Turkish buyers to turn to British and European suppliers for about a dozen cargoes since March 11.

Market participants said that one U.S. exporter sold an 80/20 mix of No. 1 and No. 2 heavy melt March 18 at $370 per tonne c.i.f. Turkey, indicating a $3- to $4-per-tonne increase from a sale concluded March 13 at around $366 to $367 per tonne for HMS 1&2 (80:20).....

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