Market sources state that freight costs in the Black Sea have continued to increase. With freight costs in the region reaching $30-32/mt, ex-Black Sea A3
scrap offers to
Turkey have risen. Accordingly, ex-Rostov,
Russia A3
scrap offers for
Turkey are at $390/mt CFR, while Romanian A3
scrap offers for the same destination stand at $385/mt CFR.
Scrap availability shortages have been observed in the Black Sea region due to the harsher winter conditions, while short sea
scrap demand in
Turkey this week has remained on the low side. However, with deep sea
scrap prices reaching $400/mt CFR and continuing to indicate an upward tendency, Turkish steelmakers, whose
scrap stocks for January are still empty, are expected to evaluate short sea
scrap offers and new deals will likely be concluded in the coming days.