Bangladeshi mills have returned to the United States' deep-sea scrap export market to secure two West Coast cargoes at higher prices.
A West Coast exporter sold a 35,000-tonne cargo comprising 7,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap priced at $535 per tonne cfr, 18,000 tonnes of shredded scrap at $545 per tonne cfr and 10,000 tonnes of bonus-grade material at $555 per tonne cfr, Fastmarkets learned on Wednesday June 23.The spread between HMS 1&2 (80:20) and shredded scrap remains wider than usual, at $10 per tonne compared to the typical $5 per tonne.A second West-Coast cargo comprising 32,000 tonnes of shredded scrap at $540 per tonne cfr was...