Two US cargoes – one from the East Coast and one from the Gulf Coast – were sold to Turkish mills in the past seven days. Shredded scrap in the East Coast cargo transacted at $350 per tonne cfr, which pegs that sale at a similar price level to the Gulf Coast deal done at an average of $350 per tonne cfr.
Turkish steelmakers retreated from the deep-sea market on Tuesday December 12 after securing a pair of cargoes - including a Baltic deal at $351 per tonne cfr for 80:20 heavy melting scrap, $356 per tonne cfr for shredded scrap and $361 per tonne cfr for bonus-grade scrap.
US exporters are said to be seeking a minimum of $360 per tonne on current cargo offers. While it...
