22.05.2015 - Turkish ferrous scrap import prices slide on lower indications
Platts' daily assessment of Turkish ferrous premium heavy melting scrap I/II (80:20) imports slipped $2/mt to $286.50/mt CFR Thursday on lower indications and a cheaper deal. A US East Coast-origin cargo was heard sold Wednesday comprising 25,000 mt of HMS I/II (80:20) at $285/mt CFR and 15,000 mt of shred at $290/mt CFR. The seller had the option to load some of the material in Puerto Rico, which sell-side sources said lowered the value of the cargo somewhat. Platts partially factored the cargo into its assessment, and normalized it to $287-$288/mt CFR, taking into account the Puerto Rican-origin scrap -- the methodology specifies 80:20 of premium USEC origin or equivalent...............................................Full Article: Source
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