According to market sources, ex-Black Sea A3 scrap offers to Turkey have increased by $5-10/mt over the past week. Ex-Russia A3 scrap offers to Turkey are currently in the range of $360-365/mt CFR Marmara, while ex-Romania A3 scrap offers to Turkey are at $350/mt Marmara CFR and at $355/mt CFR Nemrut port in the Aegean region.
While an ex-Romania A3 scrap deal to the Izmir region has been concluded at $355/mt CFR, no ex-Russia scrap deal has been heard so far in the market.
Market sources believe that short sea suppliers are expected to maintain their firm stance regarding their offers in the days to come, as there are reports in the market suggesting that US scrap suppliers, which had withdrawn their offers in late February, will return to the market with stronger scrap prices.