US ferrous scrap exports reap higher prices in sales to Thailand, Turkey

The US ferrous scrap export market has improved coast-to-coast with recent cargo deals serving as a testament that prices have rebounded.

A new sale reported on Wednesday November 6 continued the upward momentum. An East Coast exporter sold 22,000 tonnes of a 90:10 mix of No1 and No2 heavy melting scrap at $262 per tonne and 9,000 tonnes of shredded scrap at $265 per tonne. HMS 1&2 (90:10) usually trades at a $5 premium compared with HMS 1&2 (80:20). This was the first sale...

Published

Lisa Gordon

November 06, 2019

22:41 GMT

Pittsburgh