US East Coast scrap market quiet; West Coast prices fall

March 06, 2020 / www.metalbulletin.com / Article Link

The United States' ferrous scrap export market has gone quiet on the East Coast amid expectations that prices will fall when the next sale to Turkey is completed.

A drop in reinforcing bar prices and demand has provided enough motivation for Turkish mills to stay out of the market for now.
Rebar bids in Turkey have declined to $425 per tonne fob from recent sales at $440 per tonne, one East Coast export market source said, which suggests the next cargo sale from the region could be booked at $265-270 per tonne cfr for an 80:20 mix of No1 and No2 heavy melting scrap (HMS).

The...

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