ISTANBUL U.S. bulk scrap
export prices to Turkey have dropped for the second consecutive
week after two exporters booked sales at well below previous
Market participants reported the
exporters sold to different Turkish mills on Feb. 5, with cargo
sizes reported at 25,000 tonnes and below.
One of the exporters reportedly
sold a mixed cargo out of Puerto Rico at a composite price of
$387 per tonne for an 80/20 mix of No. 1 and No. 2 heavy melt
A second exporter reportedly
sold a mixed cargo out of an East Coast port at a composite
price of $391 per tonne for 13,000 tonnes of HMS 1&2
(90:10), 9,000 tonnes of shred and 3,000 tonnes of bonus scrap,
according to several sources.
Both trades appear to be
significantly lower pricewise than the last bulk sale to Turkey
out of the United States booked on Jan. 31. That shipment, a
40,000-tonne Gulf Coast cargo divided evenly between HMS
1&2 (80:20) and plate and structural scrap, sold at $397
per tonne and $407 per tonne c.i.f. Turkey, respectively (
amm.com, Jan. 31).