USA: scrap exporters do not back down

摘要

Export trading has slowed down in the US scrap market since Turkish importers consider the prices too high. Eastcoast exporters, in their turn, are not going to back down, seeing stable demand from other countries (mainly fromEgypt, Italy and Greece). A lack of new contracts with Turkish consumers is keeping US scrap collectors from further increases. At the sametime, steady consumer activity in the alternative sales markets amid limited supply keeps the quotations from falling.By now HMS 1&2 (80:20) has been changing hands in the US east coast ports at $475-480/t FOB, in line with weekagolevels. Shredded scrap is quoted by $5/t higher. Prices for P&S have been static too – $485-490/t FOB US eastcoast. HMS 1&2 (70:30), being in high export demand, is priced at $470-475/t FOB.