Tag: US: Ferrous scrap export prices fall $6/t w-o-w amid rising freight costs

Market believes further price drops may risk curbing supply Competitive EU cargoes limit Turkish demand for US scrap US ferrous scrap export prices fell by $6/tonne (t) w-o-w, with trades slipping below $338-340/t CFR as Turkish mills remained cautious amid rising freight costs and weak domestic demand. September transactions were $12-13/t lower than August, while…