Turkish steelmakers negotiate $5/tonne discount in latest US ferrous scrap sale

Recyclers operating at East Coast docks in the United States have lowered their buying prices amid expectations of weaker-priced ferrous scrap export cargo sales to Turkey, with a new sale concluded at a $5-per-tonne discount.

Turkey returned to the US market on Wednesday July 1, purchasing a 40,000-tonne cargo that included 16,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap (HMS) at $256 per tonne, 6,000 tonnes of shredded scrap at $261 per tonne and 8,000 tonnes of bonus-grade material at $266 per tonne. In the prior US...


Lisa Gordon

July 01, 2020

22:05 GMT