US export scrap cargoes hold above $500/t

A Bangladeshi mill has returned to the United States deep-sea ferrous scrap market to secure two cargoes from separate shippers at a $70-per-tonne increase compared with the last-reported sale to the region.

A West Coast exporter sold a cargo to Bangladesh comprising 7,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap priced at $535 per tonne cfr and 25,000 tonnes of shredded scrap priced at $540 per tonne cfr.
A second West Coast exporter sold a 32,000-tonne cargo comprising unspecified tonnages of HMS 1&2 (80:20) and shredded scrap, also priced at $535 per tonne cfr and $540 per tonne cfr respectively.

These cargoes are priced up by $70 per tonne compared with the last-reported HMS 1&2 (80:20) sale to the region concluded at $465 per tonne cfr on April...

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