Bulk ferrous scrap export tags to Turkey rise

Jul 10, 2014 | 03:40 PM | Sean Davidson

Tags  scrap, ferrous, steel, exports, bulk, Turkey, HMS, heavy melt shred

NEW YORK — U.S. bulk ferrous scrap export prices to Turkey firmed this week as two cargo sales reflected a strong domestic market.

Turkish mills looking to fill inventory found little interest from European suppliers and higher prices from Russia, and therefore have turned their attention to U.S. exporters offering comparatively more viable prices, according to market participants.

One U.S. exporter sold an 80/20 mix of No. 1 and No. 2 heavy melt at $372 per tonne c.f.r. and a second exporter sold a cargo at a price level of around $373 per tonne c.f.r. for HMS 1&2 (80:20), indicating an increase of $2 to $4 per tonne from a cargo sold last week (amm.com, July 2).....

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