The cost of major scrap grades in the USA in November jumped more than $40 per ton compared with the previous month. Now us traders are keen to make a similar climb in foreign markets.
Quotations for the U.S. scrap HMS № 1&2 (80:20) to Turkey just a week gained more than $25 per ton Last sentence comes at $410-415 / t CFR. However, Turkish companies still prefer to purchase the same material European or Russian or Romanian 3A at $390-400 / t CFR.
The rise in price of scrap metal emerged in the East Asian countries. An important signal to regional market filed Japanese Tokyo Steel Manufacturing for the first time since August, reporting increased purchase prices for one of its plants.
UGMK.INFO