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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

Feb 11, 2012 02:50 Shredder boosts energy firm Covanta’s revenue
Feb 10, 2012 16:05 Empire Recycling expansion given ‘go’
Feb 10, 2012 15:53 UK ferrous scrap prices drop £10 per tonne in February after mills reassess market
Feb 10, 2012 15:35 Turkish mini-mills lower domestic billet prices by $20 on lower scrap costs
Feb 10, 2012 14:38 UK 18/8 stainless steel scrap solids prices increase on fluctuating Ni, increased demand

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