SteelOrbis has heard from market sources that HMS I/II 80:20
scrap offers from
Lebanon to
Turkey have remained stable since last week at $360-365/mt CFR.
Demand for ex-Mediterranean
scrap in
Turkey's Iskenderun region, where Mediterranean
scrap transactions in the country are mostly concluded, is on the weak side this week, while most suppliers have withdrawn their offers.
Scrap offers will likely soften in the coming week and no Lebanese
scrap deal is expected to be concluded in the Iskenderun region during this week.