According to market sources, Black Sea-origin
scrap offers to
Turkey have continued their gradual softening. This week's A3
scrap offers from
Romania to
Turkey have declined by $2-3/mt week on week to $352-355/mt CFR Marmara and to $355-356/mt CFR Nemrut. Meanwhile, Russian A3
scrap offers to
Turkey have also moved down by $2-3/mt CFR since last week and are currently standing at $355/mt CFR Marmara.
Having accelerated their deep sea
scrap purchases over the past three weeks, Turkish steelmakers have shown little interest in Black Sea
scrap offers. Thus, in the coming days
scrap suppliers in the Black Sea region may cut their prices further for Turkish buyers in order to boost sales.