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DAILY SCRAP REPORT: Prices fall again as first batch of ex-Europe cargoes are fixed

February 09, 2012 - 15:03 GMT Location: London

KEYWORDS: ferrous scrap prices , steel scrap prices , Turkey

Metal Bulletin’s Daily Ferrous Scrap Index continued its decline on Thursday February 9, reaching $421.19 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis, from $423.25 a day earlier.

One mill was reported as booking four cargoes yesterday, all from suppliers within Europe. A mixed cargo of 22,000 tonnes of HMS 1&2 (70:30) and 10,000 tonnes of shredded was sold at $407.50 and $432 per tonne cfr, respectively. A second mixed cargo including 25,000 tonnes of HMS 1&2 (70:30), 500 tonnes of cut rebar and 2,500 tonnes of broken steel was sold at $406 per tonne cfr average price,...

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Ferrous

May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 08:53 SE Asia scrap prices down $15-20 as buyers await market cues

Ferrous Scrap

May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 00:35 US recyclers facing bankruptcy filings

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