Soaring global deep-sea ferrous scrap export prices are stoking increasingly bullish sentiment for the United States' upcoming domestic June trade despite a recent lack of US export sales.
Higher offers for heavy melting scrap from the US East and West Coasts, which have now hit $510 and $540-550 per tonne respectively, failed to tempt US exporters into the market this week.European HMS sales to Turkey hit $507 per tonne cfr on Tuesday May 18, while a recent deep-sea ferrous scrap cargo sale to Vietnam...