Turkey has returned to the United States' ferrous scrap market, paying higher prices and leading many to believe that the US ferrous export market is showing signs of recovery.
A sale to Turkey by an East Coast exporter was reported on Wednesday February 12 involving a 40,000-tonne cargo at a price that was up by $4-8 per tonne from the two prior sales on February 7, in which an 80:20 mix of No1 and No2 heavy melting scrap at $260 and $264 per tonne.The latest sale contained 24,000 tonnes of HMS 1&2 (80:20) at $268 per tonne, 12,000 tonnes of shredded scrap at $273 per tonne and 4,000 tonnes of bonus-grade scrap at...