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US bulk ferrous scrap export prices to Turkey climb
July 15, 2014 - 10:31 GMT
US ferrous scrp
Prices for US bulk ferrous scrap exports to Turkey inched marginally higher last week after Turkish mills swarmed export markets for cargoes.
Strong demand from Turkish buyers resulted in at least 11
cargo bookings from the USA and Europe and additional volumes
along traditional Black Sea routes as mills sought to refill
lean inventories. US exporters accounted for at least five of
last week’s 11 cargoes booked by Turkey, with four
originating from the US East Coast and one from the Gulf Coast.
Market participants said a cargo from Houston was booked on
July 10 at $378 per tonne cif Turkey for 42,000 tonnes of an
80/20 mix of No 1 and No 2 heavy melt and $385 per tonne for
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Euromoney Institutional Investor PLC.
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