US ferrous scrap export market quiet; dock buying prices flat

The United States' ferrous scrap export market has been quiet on both the East and West Coast amid uncertainty about where the next sale will land.

On the East Coast, there have been no sales to Turkey in nearly a month.
The last sale was reported from Europe on Friday May 1, when a steel mill in the Iskenderun region bought a cargo containing 17,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $236 per tonne cfr and 7,000 tonnes of bonus-grade scrap at $246 per tonne cfr.

Based on the European deal, US HMS -...


May 06, 2020

19:01 GMT