Signs pointing up in US ferrous scrap export market

The United States' ferrous scrap export market to Turkey was quiet on Wednesday February 19, but signs from other countries suggest more upside ahead in cargo sales.

A Baltic sale concluded to Turkey on February 19 included an 80:20 mix of No1 and No2 heavy melting scrap (HMS) at $279 per tonne. The Baltic material sells at a $5-per-tonne discount to that from the US. Based on the latest US sale to Turkey on February 18, this suggests that the US export market could reach $284.50 per tonne. The February 18 sale contained...

Published

Lisa Gordon

February 19, 2020

22:38 GMT

Pittsburgh