Scrap Prices North America
August 9, 2017
Ferrous Scrap Export Prices Surge/August Settlement Prices
Written by John Packard
SMU scrap sources advised us early this morning of an export sale of an 80/20 mix of ferrous scrap bound for Turkey. Our sources reported the sale price at $350 per metric ton delivered Turkey. The sale price is up approximately $50 per metric ton since early July and $20 per metric ton from last week.
A second source confirmed the sale and told us, “The $350 price has been achieved for October shipment (Sims-Habas). Sentiment overseas is bullish, so exporters are not going to rush into the market with a lot of sales at this point.”
