A Turkish mill has bought a deep-sea ferrous scrap cargo from the United States, the third reported so far this week, at a price comparable to the two previous US sales to the region.
An East Coast exporter sold a 31,000-tonne cargo - comprising 15,000 tonnes of an 80:20 mix of No1 and No1 heavy melting scrap priced at $464 per tonne cfr, 14,000 tonnes of shredded scrap and 2,000 tonnes of plate and structural scrap both priced at $479 per tonne cfr - to Turkey on Wednesday August 4. The cargo will be shipped in September. This latest deal compares to two East Coast sales to the region reported the day prior, in which HMS 1&2 (80:20) went for $463-464 per tonne cfr and shredded and bonus-grade material sold...