US bulk ferrous scrap export prices mixed

May 29, 2014 | 04:21 PM | Sean Davidson

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

NEW YORK — U.S. bulk ferrous scrap exports recorded a mixed week after shippers raised price offers to South Korea, while one exporter lowered tags marginally into Turkey.

After more than three months of no bulk sales to Korea, market participants expected at least one bulk cargo vessel to conclude this week following strong interest from a major Korean producer.

However, the Korean producer and U.S. exporters failed to agree on a price after buyers refused to pay more than $375 per tonne c.i.f. Korea for No. 1 heavy melt, while exporters reportedly held firm at an offer price of $380 per tonne and higher, AMM has been told.....

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