According to market sources, a Turkish steel producer based in the Izmir region has lately closed a deal for ex-Poland scrap. The 30,000 mt cargo, which will be shipped via the Baltic Sea in the second half of December, includes HMS I/II 80:20 at $260/mt CFR and bonus grade at $270/mt CFR.
With this deal, ex-Baltic HMS I/II 80:20 prices for the Turkish market remain stable. As mentioned earlier, Turkey is soon expected to be in the market for January shipments. Russian scrap sellers in the Baltic region may also benefit as some of them have exhausted their quota for the current year, SteelOrbis understands.