Black Sea scrap prices remain on high side for Turkish buyers

Thursday, 30 July 2015 16:45:15 (GMT+3)   |   Istanbul
       

SteelOrbis has learned from market sources that Russian and Ukrainian offers to Turkey for A3 grade scrap have remained stable over the past week at $230-235/mt CFR. Meanwhile, Romanian scrap suppliers state that it is difficult to decrease their prices to the levels of Russian and Ukrainian offers due to the high cost of their scrap inventories and so they are keeping their scrap quotations at higher levels. Although some Turkish buyers have been making inquiries for ex-Black Sea scrap, they consider the current prices levels to be on the high side and are making firm bids at $220-25/mt CFR. Even if buyers and sellers do not appear very inclined to conclude deals, it is heard that negotiations between Turkish steel producers and Black Sea scrap suppliers are continuing and new deals may be heard in the near term. Market players are curious to see the price levels in any new scrap deals.


Similar articles

Wholesale metal scrap sales in Mexico down 12.8 percent in February

19 Apr | Steel News

Mexican domestic scrap prices - week 16, 2024

19 Apr | Scrap & Raw Materials

Global View on Scrap: Turkish market seeks direction, demand still weak in Asia

19 Apr | Scrap & Raw Materials

Turkey’s domestic scrap market shows diverse trends

19 Apr | Scrap & Raw Materials

Taiwan’s import scrap market weak as mills buy at discounts amid cheap billet options

19 Apr | Scrap & Raw Materials

Local Italian scrap prices edge up slightly, further rises expected in May

19 Apr | Scrap & Raw Materials

US scrap market shows signs of another sideways trend in May

18 Apr | Scrap & Raw Materials

Ex-Europe scrap prices in Turkey remain firm, market still mostly silent

18 Apr | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 16, 2024

18 Apr | Scrap & Raw Materials

Tokyo Steel cuts scrap purchase price only for Utsunomiya plant

18 Apr | Scrap & Raw Materials