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DAILY SCRAP REPORT: Turkish mills receive higher offer from USA

January 02, 2013 - 18:10 GMT Location: Bursa & London

KEYWORDS: Turkey , ferrous scrap price , steel scrap , USA , Europe

An offer of composite steel scrap from the US to Turkey was heard on Wednesday January 2, with the HMS 1&2 (80:20) portion offered at more than $400 per tonne.

The cargo comprised 15,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded and 5,000 tonnes of bonus, a Turkish trader said. US HMS 1&2 (80:20) scrap trades at a $10 per tonne premium over the equivalent Baltic scrap, according to market sources. The US premium...

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