West Coast scrap deals to Turkey ‘not a good signal,’ veteran trader says

摘要

Recent bulk ferrous scrap cargoes sold to Turkey by West Coast suppliers indicate “how bad the Asian market is,” according to veteran trader Nathan Fruchter. Fruchter, who owns New York-based independent scrap trading company Idoru Recycling Corp., shared with AMM sister publication Steel First some insights gained over 30 years in the global ferrous scrap market, and underlines the “human element” that sets it apart from the rest of the steel industry.