US books ferrous scrap sale to Turkey
Jun 26, 2014 | 04:07 PM
| Sean Davidson
NEW YORK An East Coast bulk cargo sale of ferrous scrap to Turkey ended a two-week impasse between U.S. exporters and Turkish mills, with prices trending marginally higher.
A cargo was booked this week at $1 per tonne higher than the last bulk sale two weeks ago, market participants said, although many expect prices to come under pressure.
Shortly after reports broke of this weeks U.S. sale at $371 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt, Turkish and European traders reported another cargo booked from the Baltic region at $367.50 per tonne for HMS 1&2 (80:20), indicating that buyers are looking to send prices lower.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.