A Turkish mill has returned to the United States' deep-sea ferrous scrap market to secure material at a $1.50- to $5.00-per-tonne increase compared with the previously reported US sale to the region.
An East Coast exporter sold a cargo comprising 23,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $441.50 per tonne cfr, and 5,000 tonnes of shred and 3,000 tonnes of bonus-grade material that were both priced at $456.50 per tonne cfr, Fastmarkets learned on Wednesday September 15. The previous US heavy melt sale, reported the previous day for an 85:15 mix of the grade, was priced at $443 per tonne cfr. This was said by sources to be equivalent to $438-440 per tonne cfr for HMS 1&2 (80:20). There was no shred reported in this cargo. The last-reported sale of the grade to Turkey was...