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DAILY SCRAP REPORT: US scrap export prices fall; ex-Europe prices likely to firm

February 03, 2012 - 13:50 GMT Location: London

KEYWORDS: ferrous scrap prices , steel scrap prices , Turkish scrap

Metal Bulletin’s Daily Ferrous Scrap Index fell to $433.64 per tonne cfr Iskenderun for HMS 1&2 (80:20) on Friday February 3, from $434.21 a day earlier.

The latest deal to come to the market shows prices have softened since the start of the week. An ex-US cargo was sold to a northern Turkish buyer at $435 per tonne cfr for HMS 1&2 (80:20) and $440 per tonne cfr for shredded material, down from sales confirmed earlier...

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