Turkey pays more for ferrous scrap in US cargo sale

The United States' ferrous scrap export market continues to strengthen in the international arena, with Turkey booking its second cargo this week at a higher price.

On Wednesday August 26, an East Coast exporter sold a 32,000-tonne cargo to Turkey containing 16,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap (HMS) at $288 per tonne and 16,000 tonnes of shredded scrap at $293 per tonne.
The sale is 50 cents higher than the prior US-origin sale to Turkey a day earlier, which ended Turkey's nearly three-week hiatus from the US market.

One seller...

Published

August 26, 2020

18:29 GMT

Pittsburgh