Turkish mills are continuing to conclude
scrap bookings, though not very intensively. The Turkish steel producers had returned to the
scrap market following a long period of inactivity as prices reached the bottom.
Ex-
US HMS I/II 80:20
scrap prices for
Turkey, which were at $450/mt CFR in late April, have regressed to $380/mt CFR due to low demand and have stabilized at this level. In Turkish mills' latest ex-
US scrap transactions, the price of HMS I/II 80:20 was at $383/mt CFR, while the price of shredded
scrap was at $388/mt CFR.
On the other hand, ex-Black Sea A3
scrap offer prices vary depending on their origin. While ex-
Russia A3
scrap prices stand at $380-385/mt CFR, these offers have not gained acceptance from Turkish mills since they are very close to ex-
US HMS I/II 80:20 prices. In the meantime, ex-
Romania A3
scrap offers to
Turkey are at $367-375/mt CFR.