Falling Turkish scrap pricingimpacts US domestic market

摘要

In the wake of decliningprices and demand from Turkey, US EastCoast scrap exporters reduced offer pricesto local suppliers Monday and said additionalreductions could come later thisweek.The latest round of bulk export bookingsby Turkish mills brought the tradeablevalue of HMS 80:20 to $200-$205/mt CFR Turkey. US bulk export saleswere at $240/mt CFR Turkey in mid-August.