The US ferrous scrap export market was quiet in the week to Wednesday October 16; prices were stable on both coasts, but sellers expect their local docks to increase prices in line with Turkish bulk prices, which inched upward in the latest transactions.
No cargoes were sold from the United States in the past seven days, which left Fastmarkets' steel scrap HMS 1&2 (80:20), export index, fob New York unchanged week on week at $200 per tonne on October 16. The shredded scrap, export index, fob New York likewise held at $205 per tonne. Despite the lack of bulk activity in the US, export prices to Turkey rose in the latest cargo sold by a Baltic supplier at $237 per tonne cfr for an 80:20 mix of No1 and No2 heavy...