Turkish steel producers have suspended their
scrap bookings again, and so Turkish
scrap demand has ground to a halt. Accordingly,
scrap prices have declined, also as there are no shortages of
scrap supply and as many
scrap sellers are still active in the market.
Ex-
Romania A3
scrap offers to the Turkish market are standing at $445-450/mt CFR in general, although it is also heard that a few suppliers have given lower offers. In the meantime,
scrap collection prices in
Romania are at $416-420/mt.
On the other hand, ex-
Russia A3
scrap offers to
Turkey are standing at the price range of $450-460/mt CFR. However, since the price idea of Turkish mills is lower than this price range, no confirmed transactions have been heard so far.