Another ex-Baltic deal disclosed in Turkey’s scrap market with a slightly lower price

Friday, 24 September 2021 19:29:41 (GMT+3)   |   Istanbul

Following the ex-Estonia transaction SteelOrbis shared earlier this week, another scrap booking to Turkey has been heard from the same region.

SteelOrbis has learned that a Marmara-based steelmaker has concluded the deal in question from the Baltic region, with HMS I/II 80:20 scrap standing at $433/mt CFR. The cargo will be loaded from two destinations ex-Klaipeda-Lithuania and ex-Poland, though no further details have been shared yet. This level is just $1/mt lower than the price recorded in the ex-Estonia booking.

Meanwhile, the shortage of scrap on the short sea side continues amid the lack of ships. Market players state that the workable levels are still in the range of $415-420/mt CFR Turkey.

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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