After rising to $303/mt CFR in the middle of March, deep sea HMS I/II 80:20
scrap prices started to indicate sharp declines and within two weeks they had decreased to $261/mt CFR. However, as of last week HMS I/II 80:20
scrap prices have once again started to move up.
In deep sea deals concluded in
Turkey last week, HMS I/II 80:20
scrap prices were at $270/mt CFR, while in an ex-US deal made at the beginning of this week the price of HMS I/II 80:20
scrap was at $275.5/mt CFR. Turkish steel producers' demand for
scrap has improved slightly compared to last week, while it is observed that Turkish mills' price ideas for HMS I/II 80:20
scrap are now at around $275/mt CFR. On the other hand, SteelOrbis has been informed that HMS I/II 80:20
scrap offers from suppliers in the US and the Baltic region to
Turkey are above $280/mt CFR.