Metal Bulletin's Daily Ferrous Scrap Index was close to
unchanged at $447.79 per tonne cfr Iskenderun on an HMS 1&2
(80:20) basis on Tuesday May 1, up from $447. 57 on April 30.
The majority of buyers and sellers were absent from the market
on Tuesday, with many European countries and Turkey celebrating
the Labour Day holiday on May 1.
A few more cargoes completed at the end of last week were heard
late on Monday evening, though, at levels similar to the last
A cargo of HMS 1&2 (80:20) and shredded was sold from the
US east coast to a Turkish buyer in the south of the country at
$450 per tonne cfr and $455 per tonne cfr, respectively.
A European cargo was also sold at $455 cfr for shredded, $460
cfr for P&S and $474 for automotive bundles, according to