Market sources inform SteelOrbis that this week's A3
scrap offers from
Russia to
Turkey are at $375-380/mt CFR Marmara, indicating an increase of $10/mt since last week. Meanwhile, Romanian A3
scrap offers for
Turkey stand at $368-370/mt CFR Marmara and at $370-375/mt CFR Nemrut, up by $10-15/mt week on week. Some ex-Romania A3
scrap deals have been concluded in the current week at $368/mt CFR in the Marmara region.
Against the backdrop of increased deep sea
scrap prices, short sea
scrap suppliers have also revised their offers upwards. In the meantime, Turkish mills have had to accelerate their short sea
scrap purchases in line with their needs, as
US scrap suppliers have withdrawn their HMS I/II 80:20
scrap offers from the Turkish market. Increased Black Sea
scrap offers have gained acceptance in the local Turkish market, where demand is on the strong side.