Following the ex-Baltic deals to Turkey heard at the end of last week, another cargo has been purchased in Turkey from the Baltic region, with the deal closed at higher price levels.
SteelOrbis has learned that a Marmara-based Turkish mill has booked a cargo from the Baltic region for 29,000 mt of HMS I/II 80:20 scrap at $265/mt CFR and 6,000 mt of bonus grade scrap at $275/mt CFR. In the previous confirmed ex-Baltic deal, HMS I/ II 80:20 scrap was priced at $260/mt CFR Turkey.
SteelOrbis reported on Friday, July 17, that Baltic-based scrap suppliers are aiming for $265/mt and above for their HMS I/II 80:20 scrap sales to Turkey. The import scrap purchases closed consistently at higher levels are providing support for the positive mood observed in Turkey’s import scrap market.
