In previous weeks, Turkish steel mills had focused their attention on deep-sea
scrap bookings and so their ex-Black Sea
scrap booking volumes remained at low levels.
Increases in deep-sea
scrap prices have caused ex-Black Sea
scrap suppliers to raise their own prices, with their
scrap collection prices increasing to $415/mt this week. While ex-
Romania A3
scrap offers to
Turkey have reached $450/mt CFR, SteelOrbis has learned from market sources that Turkish mills think that these A3
scrap offer prices are too high, considering that ex-
US HMS I/II 80:20
scrap prices are standing at similar levels. In the meantime, the latest ex-
Romania and ex-
Russia A3
scrap transactions heard in
Turkey have been concluded $440-445/mt CFR.