Following long-run declines in scrap prices, ex-Black Sea scrap prices have decreased to $400/mt CFR Turkey.
After last week's ex-Black Sea A3 scrap transactions at $405-407/mt CFR Marmara Sea ports, the price expectation of Turkish mills this week is now standing below the price level of $400/mt CFR. However, scrap suppliers are offering A3 scrap to Turkey at the price range of $405-410/mt CFR in general, and SteelOrbis has learned that most suppliers have not pushed down their prices to $400/mt CFR level yet.
As for ex-Baltic scrap, as can be seen from SteelOrbis Steel Prices section, a scrap cargo including A3 scrap and shredded scrap was transacted at $413/mt CFR Turkey last week.