According to market insiders, Russian A3 scrap offers to Turkey currently stand in the range of $390-395/mt CFR, while suppliers are reluctant to give offers below the lower end of this range at the moment. In addition, ex-St. Petersburg HMS I/II 80:20 offers to Turkey are at $395-405/mt CFR. Romanian A3 scrap offers to the same destination, on the other hand, can be found at $383-384/mt CFR.
Turkish steelmakers are evaluating short sea scrap offers these days amid higher deep sea scrap prices. Thus, Turkish mills have concluded many ex-St. Petersburg scrap bookings lately.
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