Turkey fuels price gains for US ferrous scrap exports

A late-week surge in prices of US ferrous scrap exports to Turkey helped lift overall east coast prices by nearly $10 per tonne at the end of last week.

After one exporter sold a mixed cargo of around 30,000 tonnes on Wednesday July 24 at a price basis of $372 per tonne cif Turkey for an HMS 1&2 (80:20),...

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This article was first published by AMM

July 30, 2013

10:45 GMT

New York