US ferrous scrap market shows signs of stress

The US ferrous scrap market has been dealt a double blow, with one exporter agreeing to sell a cargo at lower prices and a domestic mill purchasing shredded scrap for February shipment at January levels.

A US exporter sold a cargo with a flexible composition to Turkey at $363 per tonne cfr for 17,000-20,000 tonnes of an 80:20 mix of No. 1 and No. 2...

Published

Mei Ling Toh

January 19, 2018

22:38 GMT