Bulk export mart’s path hazy as Turks sink tags

Jun 11, 2014 | 02:06 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, scrap prices, bulk scrap, Turkish buyers, HMS, heavy melt, Sean Davidson

NEW YORK — U.S. bulk ferrous scrap export prices to Turkey slipped this week after a sale was booked to the world’s largest importer of the steelmaking raw material, although some traders expressed uncertainty about what the deal means for the market.

"Is scrap availability in the U.S. for export (long) or short? If there are more cargoes, prices may go down further. If not, the sale is to be considered as a panic sale," one trader said.....

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