According to market sources, Russian A3 grade
scrap offers to
Turkey have declined by $20-25/mt over the past two weeks and have settled at $293-295/mt CFR Marmara and at $295-300/mt CFR Nemrut. This week's Romanian A3
scrap offers to
Turkey stand in the range of $295-300/mt CFR Nemrut, declining by the same amount over the given period. Meanwhile, the latest Romanian
scrap booking by a Turkish buyer has been concluded at $295/mt CFR Nemrut, while the most recent ex-
Bulgaria scrap deal by a Turkish buyer has been transacted at $285/mt Nemrut.
The sharp declines recorded in deep sea
scrap prices have caused Black Sea
scrap suppliers to continuously revise their prices. Import
scrap prices in
Turkey are expected to trend down in the coming period. Thus, Turkish
scrap buyers have remained cautious as regards purchases of ex-Black Sea
scrap and so only a few ex-Black Sea
scrap deals have been heard recently in
Turkey. Turkish steelmakers are waiting for more satisfactory discounts in Black Sea
scrap prices before they start new purchases.