US ferrous scrap prices drop in latest Turkish deal

The US bulk ferrous scrap export market has been dealt a harsh blow, with the latest sale seeing the price of HMS-grade scrap dip below $350 per tonne.

Turkey was expected to exit the market to reassess its buying strategy and to remain on the market sidelines until the International Rebar Exporters & Producers Assn (Irepas) conference on September 24-26. But the country unexpectedly returned to the US market on Wednesday September 20 to buy a single cargo. A deal for material from the...


Lisa Gordon

September 20, 2017

20:35 GMT