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US bulk ferrous scrap export prices to Turkey climb

July 15, 2014 - 10:31 GMT Location: New York

KEYWORDS: 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 3,000...

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