US ferrous scrap export prices to Turkey inch up

Jul 23, 2014 | 03:58 PM | Sean Davidson

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

NEW YORK — Prices for U.S. bulk ferrous scrap exports to Turkey inched slightly higher this week as mills continued to book cargoes.

Market participants said four bulk cargoes were booked by Turkish mills over the past few days, with just one of those coming from the United States.

The U.S. cargo reportedly sold out of Houston for $378 per tonne c.i.f. Turkey for an 80/20 mix of No. 1 and No. 2 heavy melt steel scrap. The cargo should comprise 29,000 tonnes of HMS 1&2 (80:20) and 16,000 tonnes of plate and structural scrap, which sold at $388 per tonne.....

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