(AMM) Turks diving back into US ferrous scrap mart

PHILADELPHIA 10 March 2010 21:43

After an order drought that has lasted for much of the past month, U.S. ferrous scrap exporters are again getting a portion of Turkey's business.

Industry sources said Turkish mills have bought three cargoes of shredded scrap from U.S. East Coast export yards in the past week?part of a Turkish buying flurry that also saw six cargoes purchased from scrap suppliers in Britain and northern Europe.

Prices paid for the U.S. shredded scrap are said to be about $395 per tonne delivered, while prices for a 70-30 mix of No. 1 and No. 2 heavy melting steel scrap from European suppliers range from $380 to as much as $388 per tonne delivered.

Some of the Turkish mills had...

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(AMM) Turks diving back into US ferrous scrap mart

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