Ocal Gebelek: Not rational to ship ex-Romania A3 scap at below $315-320/mt CFR

SteelOrbis has contacted Mr. Ocal Gebelek to have his opinion on the Romanian scrap market following the comments made earlier today by Metalrom and Tomini in relation to this market. Mr.Gebelek commented that it is not rational to conclude any contract for shipment of grade A3 scrap ex-Romania at below $315-320/mt CFR Turkish port given the current cost structure of the business. Mr.Gebelek added that any price under this level will result in a loss and therefore it is better not to sell any cargoes until the market recovers.