With scrap prices trending upwards lately, offers to Turkish mills for both ex-deep sea and Black Sea scrap have become rarer.
After the latest ex-Black Sea A3 grade scrap transactions of Turkish mills at $435/mt CFR Marmara Sea ports, scrap prices from this region to Turkey have exceeded the level of $440/mt CFR. In the meantime, scrap collection prices in Romania are standing at $402-410/mt.
Following the latest ex-Europe scrap booking in Turkey last weekend, no new ex-US or ex-Europe scrap booking has been heard so far in the Turkish market.
On the other hand, experiencing difficulties in finding import scrap offers, Turkish steel producers have increased their local scrap purchase prices significantly today, December 13, for the first time after a long period. SteelOrbis has been informed that Turkish mills are now seeking to supply their scrap needs domestically.