DAILY SCRAP REPORT: ex-US ferrous cargo prices breach $465 cfr level to Turkey

Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $463.30 per tonne on an HMS 1&2 (80:20) basis on Thursday December 29, up from $458.05 on December 28

Several cargoes have come to market since the last report on December 23, with higher numbers posted by sellers.
One buyer purchased at least three deep-sea cargoes recently; two from Europe and one from the USA.

The mill purchased an ex-US cargo including HMS 1&2 (80:20) and shredded at $466.50 per tonne cfr and $471.50 per...

Published

Daniel Gleeson

December 29, 2011

13:00 GMT