The ferrous scrap export market in the United States has been active this month, with a flurry of cargoes sold to Turkey and South Korea over the past week, but the healthy demand did not provide any boosts to bulk export prices on either US coast.
Five cargoes - two from the East Coast and three from the West Coast - traded to Turkey and South Korea in the past seven days. The two East Coast cargoes to Turkey concluded on January 10 and January 11 at $280 per tonne cfr for an 80:20 mix of No1 and No2 heavy melting scrap (HMS), $285 per tonne cfr for shredded scrap and $290 per tonne cfr for bonus-grade scrap. Prices were unchanged from the three bulk deals transacted the previous week. An export source did not anticipate further weakness for bulk export prices to Turkey in the near term.Deep-sea ferrous scrap export prices rebounded in a recent Baltic Sea cargo traded to Turkey at $282 per tonne cfr for HMS 1&2 (80:20).Fastmarkets AMM's weekly East Coast ferrous scrap export...