While
scrap demand in
Turkey has not been so strong, Turkish steel mills have not totally drifted away from the market, with some ex-deep sea and ex-short sea
scrap bookings heard. Market players are waiting for ex-
Europe scrap offers to soften in line with the strengthening of the
US dollar against the euro, while ex-
US HMS I/II 80:20
scrap offers are ranging at $385-390/mt CFR. Last week, ex-
US HMS I/II 80:20
scrap was offered at $385/mt CFR, while transactions were concluded at $381-382/mt CFR. The Turkish mills are not likely to show interest in ex-
US scrap offers which are higher than last week's transaction levels.
On the other hand, ex-
Russia A3
scrap offer to Turkish mills are at $380/mt CFR. In
Romania,
scrap collection prices are currently standing at $345/mt, while ex-
Romania scrap offers to
Turkey stand at $370-375/mt CFR. The price idea of Turkish steel mills for ex-
Romania A3
scrap is below the level of $370/mt CFR.