Turks turn to Baltic Sea as US scrap offers rise

Aug 18, 2014 | 04:39 PM | Sean Davidson

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

NEW YORK — Higher offer prices from U.S. bulk ferrous scrap exporters are meeting resistance from Turkish steel producers, who are instead turning their attention to Baltic Sea suppliers.

Turkey’s mills have booked at least 14 cargoes this month, with only two of them originating in the United States and one in Canada.

Scrap availability from the United States is uncertain, market participants said, but added that it’s likely that mills have booked a few more cargoes that have yet to be announced.....





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