The United States' ferrous scrap export market shows no signs of recovery, with sales from the East and West Coast over the past week concluded at discounts to the prior week.
At the same time, Turkey returned to the deep-sea ferrous scrap market, buying from the United Kingdom at a discount.Two sales were reported from the US West Coast. One exporter sold 45,000 tonnes of No1 heavy melting scrap (HMS) to South Korea at $275 per tonne cif on Friday September13. A second exporter sold a cargo to Bangladesh the next day at $260 per tonne for an 80:20 mix of No1 and No2 HMS and $270 per tonne for shredded scrap. The breakout of the tonnage could not...