US books three scrap cargoes to Turkey

Aug 19, 2014 | 04:38 PM | Sean Davidson

Tags  scrap, exports, ferrous, HMS, heavy melt, shred, plate structural, Turkey Egypt

NEW YORK — U.S. ferrous scrap exporters have sold at least three new bulk cargoes to Turkey amid a push by mills to lower prices.

As higher offer prices from the United States sent Turkey’s mills to the Baltic region for their scrap needs this month (, Aug. 18), market participants reported five fresh bulk cargo sales to Turkey—three originating on the East Coast, one from Europe and one from Africa.

One trading company booked a sale out of Florida at an average price of $387 per tonne c.i.f. Turkey for 16,000 tonnes of an 80/20 mix of No. 1 and No. 2 heavy melt and 10,000 tonnes of HMS 1&2 (90:10).....

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