The United States' ferrous scrap export market remained quiet ahead of the Thanksgiving holiday, although the expectation was that Turkey will be forced to pay higher prices once it returns to the US market.
Turkey has been absent from the US market since Wednesday November 13, when it booked a US cargo containing 25,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap (HMS) at $260 per tonne, 12,000 tonnes of shredded scrap at $265 per tonne and 3,000 tonnes of plate and structural scrap at $270 per tonne cfr. A rumored sale had circulated that the US sold HMS 80:20 to Turkey at up $5 per tonne, to $265 per tonne, but that turned...