Scrap offers to Turkey
Romanian origin
scrap was sold to
Turkey at $210/mt CFR levels previous week; however market sources report that sales at same levels were not accepted for the same material hence the latest offers were at $205/mt levels. Price offers for A3 grade Russian origin
scrap may have withdrawn to $210-215/mt, according to reports. Some Turkish producers strengthen the expectation that softening in prices will continue at least in the first half of May by reason of delaying purchases in big amounts from their traditional suppliers and buying small cargoes from alternative sources such as
Georgia and
Bulgaria despite their
scrap stocks which have dropped to critical levels.