Ferrous scrap export prices from the two US coasts diverged slightly this week, as East Coast 80:20 heavy melt prices bounced up by $6 per tonne, while No 1 heavy melt from the West Coast dipped by some $3 per tonne, fob export.
Still, cfr prices to Turkey and South Korea - the destinations for two recent cargo sales - are largely stable. One East Coast exporter sold a 42,000-tonne cargo to a Turkish mill around Thursday June 7 at $347 per tonne cfr for 80:20 heavy melt and $355 per tonne for shredded scrap. That's largely in line with three US-origin cargo sales to Turkey at $355 per tonne cfr for shredded grades the previous week.But heavy melt prices to Turkey have bounced up noticeably, with this latest cargo - for 34,000 tonnes - rising...