US containerised ferrous scrap exports offset lull in bulk sales

The US bulk ferrous scrap export market remains at a standstill with no trades heard off either coast, but increased container sales to India provided some buzz in an otherwise stagnant market.

No cargoes have been sold from the US East Coast to Turkey since early April, when a bulk deal was made at $276 per tonne cfr for HMS 1&2 (80:20) scrap, $281 per tonne cfr for shredded and $286 per tonne cfr for bonus-grade scrap. Even though Turkish mills have yet to make any deep-sea deals, information on two short-sea sales was released April 18. These cargoes of HMS 1&2 (80:20), allegedly changed hands at $267 per tonne cfr on April 12 and at $265 per tonne cfr on April 14. “Turkish rebar selling prices are...

Published

Mei Ling Toh

April 19, 2017

20:02 GMT