SteelOrbis has been informed that yesterday a Turkish mill concluded a scrap booking ex-continental Europe at the level of $549/mt CIF Iskenderun. The cargo is composed of 15,000 mts of HMS I/II 80:20 scrap, 5,000 mts of busheling scrap, 5,000 mts of P&S scrap and 5,000 mts of shredded scrap.
However, the scrap offers heard today have far exceeded the abovementioned price. After Malaysia purchased HMS I/II 80:20 scrap at the level of $630/mt CFR, some offers for high grade material in Turkey have even reached as high as $600/mt. However, no booking is confirmed to have been concluded at the price level in question for now.