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DAILY SCRAP REPORT: More US scrap floods market as European sellers stay out

February 07, 2012 - 13:07 GMT Location: London

KEYWORDS: scrap , ferrous scrap prices , steel scrap prices , HMS , shredded , Turkey , USA

Metal Bulletin’s Daily Ferrous Scrap Index fell again on Tuesday February 7 to $427.60 per tonne cfr Iskenderun for HMS 1&2 (80:20), down from $431.03 a day earlier.

Two cargoes from the USA were sold to buyers in Turkey, while another cargo from the Baltic and tonnage from the UK were fixed. One US supplier sold a mixed bulk cargo containing 9,000 tonnes of HMS 1&2 (80:20), 15,000 tonnes of HMS 1&2 (90:10) and 20,000...

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