A couple of the relatively new import scrap deals have lately been disclosed in the Turkish market, indicating a weaker price trend, amid low finished steel sales and falling prices. The market mood remains mainly pessimistic for now, although many do not expect further significant drops in import scrap prices, mainly due to the currently reduced steel production rates in Turkey.
According to sources, a Marmara region-based mill has booked an ex-US scrap cargo, in which HMS I/II 80:20 has been priced at $343/mt CFR, while P&S and shredded scrap have been booked at $358/mt CFR. Previously, the estimated import prices for ex-US HMS I/II 80:20 were standing at $348-350/mt CFR.
In the short sea segment, another mill from the Marmara region has booked a scrap lot from Croatia at $325/mt CFR for 20,000 mt HMS I/II 80:20 and at $340/mt CFR for 5,000 mt of shredded material. The general price level for short sea scrap is currently estimated at $320-325/mt CFR depending on the origin. Previously, the price range stood at $330-335/mt CFR.
