On the East Coast, Turkish mills returned to the US export market on June 5 with two cargoes booked
at $340 and $342 per tonne cfr respectively for an 80:20 mix of No 1 and No 2 heavy melting scrap. The prices for this grade are down by $11-13 per tonne from the previous East Coast cargo sale to Turkey
on May 4.
The second cargo’s composition, which was previously unreported, has been confirmed to be comprised of 10,000-12,000 tonnes of 80:20 heavy melt and 28,000-30,000 tonnes of shredded scrap.
The next day, a third East Coast cargo was sold at equivalent prices to Turkey. This cargo contained 12,000-14,000 tonnes of 80:20 heavy melt at $340 per tonne cfr, 16,000 tonnes...