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DAILY SCRAP REPORT: Index falls with fresh US deal at softer price

July 14, 2014 - 14:20 GMT Location: Bursa

KEYWORDS: scrap prices , Turkey , HMS , bonus , shredded , P&S

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey fell with a fresh US cargo sold at the end of last week.

The index closed at $362.63 per tonne cfr on Monday July 14, down by $2.85 per tonne day-on-day. One deal was heard in the market on Friday July 11. A steel producer in Iskenderun booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $372 per tonne cfr and 30,000 tonnes of P&S (plate and structural) at $388 per tonne cfr. There were several more...

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