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Turks pay $40 more for ferrous scrap as demand revives

March 11, 2010 - 12:07 GMT Location: London

KEYWORDS: Turkey , ferrous , scrap , US , UK

Turkish mills have been forced to pay more for ferrous scrap as demand improved, market participants said.

Mini-mills bought at least ten deep-sea cargoes from UK, EU and US suppliers. Cargoes of HMS 1&2 (80:20 mix) sold for $381-390 per tonne cfr this week, up from $345-350 last week. Shredded material sold at $390-395 per tonne cfr this week, up from $350-367 one week ago. UK-based merchants were able...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Ferrous

May 18, 2012 00:50 US scrap prices likely to slide in June
May 18, 2012 00:25 Oklahoma City eyes 3d shredder in fierce mart
May 17, 2012 14:51 UK ferrous scrap export prices drop on weak demand and euro woes
May 17, 2012 14:16 DAILY SCRAP REPORT: Lower-grade HMS European cargoes sold
May 16, 2012 13:06 DAILY SCRAP REPORT: Romanian offers fall on weak activity

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